Legal expert and author of ‘Asset Forfeiture Law in the United States’ Stefan Cassella examines a recent case involving a medical doctor who ran a ‘pill mill’ and posted over $1 million into a commingled account. It could not be ascertained how much was tainted and how much derived from… Read More
In an interesting turn of events, French cement giant Lafarge finds itself at the core of a rather unique, and quite embarrassing, compliance case. How it will untangle itself out of this mess will be an interesting one to watch. Anti-corruption organisations in France hail it as a huge development… Read More
On the second anniversary of the Panama Papers (the Papers), new information published by the International Consortium of Investigative Journalists (ICIJ) makes for interesting – and even entertaining – reading. Stunning details are splashed out about how the scandal erupted and the involved individuals and firms’ reaction to the… Read More
In the world of counterterrorism, 2017 was another sombre year. 62 people were killed across the EU in cities as far apart as Barcelona and Turku. Over half of the fatalities were in the UK alone, with attacks on Westminster, Borough Market and Manchester Arena; in the latter, the worst… Read More
In recent years, numerous Iranians have bought passports from the Comoros Islands, a small nation between Mozambique and Madagascar. U.S. and Comoros officials worry the documents may have been used to skirt sanctions. In January, the Comoros Islands quietly cancelled a batch of its passports that foreigners had bought… Read More
The subject of revealing the details of the beneficial or true owners of firms is becoming increasingly important in the fight against financial crime and the criminal aspects of corporate secrecy. In the United States, hopes have been high for the new Counter Terrorism and Illicit Finance Act currently before… Read More
With this being the second anniversary of the publication of the Panama Papers (the Papers), now is an appropriate juncture to consider how three major jurisdictions and the EU reacted to the scandal. Of interest is the approach and achievements – if any – of some of Europe’s top… Read More
Malaysian police on Wednesday said they seized cash, jewellery, handbags and watches worth up to 1.1 billion ringgit (206 million pounds) from six premises linked to former Prime Minister Najib Razak in raids carried out in May. Amar Singh, the head of the police commercial crime division, said in a… Read More
Financial crime staff should be alert to action taken by regulators in other parts of the financial services industry. The Financial Conduct Authority’s (FCA) Final Notice against Interactive Brokers UK (IBUK), which attracted a fine of £1,049,000, is a case in point. The issue is also of importance because… Read More
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, and writes and talks on the subject at every opportunity. As her hobby she writes… Read More