5th October 2020
When the BBC called last month to warn that he was the victim of a £50,000 fraud, Mark Telling thought it was a prank. “I was at work and, to be honest, I thought it was a bit of a wind-up,” said Telling, 47. The truth was less amusing. Criminals… Read More
5th October 2020
Classified documents from Britain’s financial crime agency have revealed how it allowed JP Morgan to pay $875 million of suspicious funds to Dan Etete, a former Nigerian oil minister widely known as a convicted money launderer. The documents, rarely seen Suspicious Activity Reports (SARs), were filed by the banking… Read More
1st October 2020
The ownership of hundreds of thousands of companies registered in one of the world’s most secretive financial jurisdictions is to be made public for the first time. The British Virgin Islands (BVI) has committed itself to creating a publicly accessible register of company ownership by 2023 in a move welcomed… Read More
1st October 2020
The threat of financial crime in Jersey by overseas criminals is “significant”, a government report has found. The National Risk Assessment of Money Laundering is the first study of its kind and has been made public by the Government of Jersey. It found there was “no clear expression” on… Read More
30th September 2020
The U.K. and Canada imposed sanctions on Belarus President Alexander Lukashenko and senior figures in his government, a sign of widening discontent in the West over ongoing repression of peaceful protests against his purported victory in a disputed election. British Foreign Secretary Dominic Raab accused Mr. Lukashenko and his… Read More
30th September 2020
What links the Azerbaijani laundromat, the Danske Bank scandal and a fraudulent enterprise run by the Mafia from a caravan park in Lancashire? Aside from the egregious amounts of money involved, the common thread in all of these cases is the use (and abuse) of UK corporate… Read More
30th September 2020
Britain’s Foreign Minister Dominic Raab has confirmed that his government is open to the possibility of imposing sanctions against officials involved in Hong Kong’s affairs under its Global Human Rights (GHR) regime. In a letter to an MP this month, Raab condemned the disqualification of 12 pro-democracy hopefuls from standing… Read More
30th September 2020
Organised crime groups (OCGs) have evolved and adapted techniques designed to facilitate criminal activities, evade detection and enable criminal enterprise to endure. The National Crime Agency’s (NCA) national strategic assessment of serious and organised crime (SOC) 2020 reports that SOC continues to have more impact on UK citizens than… Read More
28th September 2020
As schoolboys, their friendship was cemented while playing in the same rugby team at one of Britain’s most prestigious boarding schools. Since those days at The King’s School in Canterbury, Kirils Pestuns, James Dickins and Daniel O’Donoghue have unwittingly found themselves at the centre of a global network of companies… Read More
28th September 2020
The number of British entrepreneurs looking to “buy” citizenship from countries offering visa-free access to the European Union has risen sharply, investment migration firms say, as prospects of a post-Brexit trade deal between Britain and the bloc darken. Investment immigration firm Astons said it had seen a 50% and 30%… Read More