Welcome to the Comsure UK August 2017 corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters.   New sanctions reporting requirements for non-financial sector businesses Failure to Prevent the Facilitation of Tax Evasion offences to be implemented from 30 September 2017 – Criminal Finances […]

Included in this UPDTE; Ex-Prime Minister of Mauritius under investigation by UK anti-corruption unit | N. Officials under US federal probe over bribery allegations linked to Macau real estate | Virginia businessman sentenced to 7 years in $30m government bribery scheme | N. to probe bribery allegations | Former Petro China Chairman Sentenced to 16 […]

Bank for Anti-Money Laundering Failings On 8 August 2013 the Financial Conduct Authority (“FCA”) issued a Final Notice against Guaranty Trust Bank (UK) Limited (“GTBUK”), the fifth in a series of cases arising from the FSA’s 2010 thematic review of banks’ management of higher money laundering risk situations. GTBUK was fined £525,000 (after the application […]