SFO muddies the waters on self-reporting, facilitation payments and hospitality 25 Oct 2012 Client Briefing – Download File – https://onlineservices.cliffordchance.com/online/freeDownload.action?key=OBWIbFgNhLNomwBl%2B33QzdFhRQAhp8D%2BxrIGReI2crGqLnALtlyZe5QWb%2FmTRiwciozz5cVyOUnp%0D%0A5mt12P8Wnx03DzsaBGwsIB3EVF8XihbSpJa3xHNE7tFeHpEbaeIf&attachmentsize=95409

SFO Bribery Act prosecution policy – 25 Oct 2012 On 9 October 2012 the Serious Fraud Office announced a revision of its guidance to the Bribery Act 2012. The new policy, which covers facilitation payments, corporate hospitality and corporate self-reporting (not coincidentally three of the most controversial issues to have arisen from the Act), represents […]

Mortgage fraud solicitor jailed 22 Oct 2012 A former criminal defence solicitor has been jailed for two years for her part in a £1.3m mortgage fraud in east London.Elena Quinlivan, 35, planned to build a rented property empire, using forged identity documents, bank statements and payslips, Southwark Crown Court heard. With help from her financial […]

Help! I’m a new MLRO: Am I suspicious? 22 Oct 2012 In your previous roles, you may have made internal reports about transactions to your money laundering reporting officer (MLRO), or even helped with making reports to SOCA as a deputy MLRO. However, now that you are the MLRO, the buck stops with you to […]

Dare v Crown Prosecution Service 22 Oct 2012 The High Court has re-affirmed again that s328 of the Proceeds of Crime Act 2002 (POCA) should be read narrowly. They have confirmed that the arrangement which the prosecution are pointing at as the basis for the charge must actually result in an identified individual or entity […]

Seven steps to SARs success 22 Oct 2012 Part VII of the Proceeds of Crime Act 2002 (POCA) imposes a reporting regime which is complex and, at times, confusing. Failure to comply may amount to a criminal offence. Solicitors trying to decipher the different disclosure obligations set out in Part VII may find it useful […]

Guide to money laundering estate agents 17 Oct 2012 it is up to the individual estate agents to decide how to carry out a risk assessment that is appropriate to their business. Estate agents should ‘…assess risk in the context of how their business may be used by those involved in money laundering and terrorist […]

UK based estate agents reminded about money laundering rules 17 Oct 2012 UK based estate agents who assist clients to buy or sell overseas property are being reminded that they should now comply with anti-money laundering regulations. Since the 01 October they face a fine or prosecution if they are not registered with the Office […]