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Financial Crime
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Socialite Stunt denies allegations in UK money laundering ‘plot’
James Stunt, a UK socialite and businessman, today rejected knowing that millions of pounds in cash and gold were being deposited in his offices in London’s upmarke... (more story)
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Shvidler appeals to UK Supreme Court to overturn ‘arbitrary’ sanctions designation
Eugene Shvidler, a Russian-born businessman and friend of former Chelsea Football Club owner Roman Abramovich, today took his bid to overturn the UK sanctions desig... (more story)
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Schools ordered to pay more than GBP1 million over Axiom fraud
Timothy Schools, a convicted fraudster, was today ordered to pay 1,083,000 pounds for his part in a 100 million-pound fraud that saw him jailed for 14 years. School... (more story)
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UK banks and payments firms are reimbursing more than 90 percent of fraud claims since new rules took effect in October, the head of the payments regulator said today. It's a marked increase from approximately... (more story)
Tech platforms could be effectively targeted under the UK's online safety laws to tackle consumer fraud emanating from their services, a senior official with the Financial Conduct Authority said today, noting ... (more story)
Swedbank's former head, Birgitte Bonnesen has no grounds to take her appeal against her money laundering-linked conviction to Sweden’s top court, the country’s chief prosecutor said today. Bonnesen was sentenc... (more story)
Two men convicted of running a fraudulent investment scheme promoting teak plantations in Brazil today lost their bids to appeal both their UK convictions and sentences. Andrew Skeene and Junie Bowers repeated... (more story)
The US Department of Justice’s antitrust division had more total active civil investigations open in fiscal year 2024 than in any year for nearly a decade, workload statistics released today show.
Manuel Chang, a former Mozambican finance minister, was sentenced to more than eight years in prison in the US over his role in a $2 billion investment fraud scheme known globally as the “tuna bond” scam. The ... (more story)
The former wife of fraudster Timothy Schools today became the first person to be targeted and successfully served with a dirty cash order by the UK’s Serious Fraud Office. A UK judge today granted the SFO its ... (more story)
James Stunt, a UK socialite and businessman, today rejected knowing that millions of pounds in cash and gold were being deposited in his offices in London’s upmarket Mayfair district as he denied a 207 million... (more story)
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The UK will see its Russian sanctions regime stress-tested this week as the country's top judges hear appeals from billionaire oil tycoon Eugene Shvidler and Russian businessman Sergei Naumenko. The government... (more story)
Rostin Behnam's announcement today that he will step down as US Commodities Futures Trading Commission chair marks the departure of an aggressive enforcer on cryptocurrency matters on the eve of a new administ... (more story)
The resignation of Canadian Prime Minister Justin Trudeau and the shutdown of Parliament will cause delays to the country’s planned overhaul of its legal framework against financial crime, lawyers told MLex. T... (more story)
UK moves to protect prosecutors from deep-pocketed individuals in suspected dirty-money cases could see enforcers becoming braver in taking on Kleptocrats, but history suggests there is unlikely to be a glut o... (more story)
After whipsaw rulings during the holidays by two separate panels of the same US appeals court, the government has asked the Supreme Court to allow it to enforce the Corporate Transparency Act. The law has been... (more story)
One of the major policy accomplishments of Jimmy Carter’s US presidency was the passage of anti-corruption legislation that continues to leave its imprint on corporate criminal law enforcement today.
After losing a motion to dismiss criminal charges of sanctions violations and money laundering, Tornado Cash co-founder Roman Storm is trying again, armed with an appellate decision involving the cryptocurrenc... (more story)
The Canadian government recently announced plans to bulk up its anti-money laundering enforcement amid criticism that existing measures weren’t tough enough — despite a record fine this spring on the country’s... (more story)