By Anne-Marie Ottaway, Barry Vitou and Gareth R. Hall on Posted in criminal law,GT Alert,Proceeds of Crime Act,White collarIt is widely thought that proceedings under the Proceeds of ‘Crime’ Act, such as confiscation, are intended to obtain the money someone makes from committing a crime. So, the thinking goes, if a person is convicted of fraud having made £100,000 from the crime, then those funds can be confiscated by the courts. While this… Continue Reading
By Anne-Marie Ottaway, Barry Vitou and Gareth R. Hall on Posted in GT Alert,White collarSpeaking on 4 April 2019, the head of enforcement for the UK FCA, Mark Steward, warned those subject to the UK’s anti-money laundering regulations that ‘it is time that the FCA gave effect to the full intention of the Money-Laundering Regulations which provides for criminal prosecutions’. He added: ‘[The FCA is] now conducting ‘dual track’ AML investigations,… Continue Reading
By Gillian Sproul on Posted in Brexit,GT AlertIn the early hours of 11 April 2019, Brexit date was extended again, this time to 31 October 2019. The original Brexit date was 29 March, two years from the date on which the UK gave the EU notice of its intention to leave the EU. Then on 22 March, the EU and UK agreed to… Continue Reading
