Dragons’ Den star Duncan Bannatyne’s former finance director has now been charged with fraud and money laundering. A finance director who worked for Dragons’ Den star Duncan Bannatyne’s group of companies, which are based in Darlington, has been charged with fraud and money laundering totalling almost £8 million. The Crown Prosecution Service has confirmed that […]

Anti-corruption groups and Met detectives say £180m worth of real estate is under investigation as being used in money laundering and stolen capital Hundreds of millions of pounds’ worth of UK properties held in secretive offshore companies have been used to launder the proceeds of international corruption, Scotland Yard investigators suspect. The Metropolitan police have […]

Former president of the Brazilian Football Confederation Ricardo Teixeira was indicted on Monday for fraud and money laundering. Ricardo Teixeira, once Brazil’s most powerful soccer official, has become the latest figure in the sport to become embroiled in scandal and controversy after being charged with money laundering and tax evasion. The former head of the […]

Financial services should take note – they should have to do more to spot when they are being used by criminals to launder money. A recent court decision (Crédit Agricole Corporation and Investment Bank v Papadimitriou) shows tolerance is waning for bankers claiming ignorance over why some clients go to such lengths to hide the […]

The circumstances in which a money laundering offense may also constitute a substantive criminal offense was the subject of a UK Supreme Court decision last week. A copy of the Supreme Court’s opinion in R v GH [2015] UKSC 24 is here. The Proceeds of Crime Act 2002 (POCA) provides that money laundering includes dealing with property […]

Two former federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of the Silk Road, an underground black market that allowed users to conduct illegal transactions over the Internet. The charges are contained in a federal criminal complaint issued on March 25, 2015, in […]

In R v GH [2015] UKSC 24 the Supreme Court considered that money deposited in an account by investors was criminal property, so that the individuals accused (B and H) were entering into, or becoming involved in, an arrangement that they knew or thought would allow for the retention, use or control of criminal property […]

Introduction On 22 April the Supreme Court handed down its judgment in the case of R v GH [2015] UKSC 24. The Supreme Court was addressing the offence of entering into, or becoming concerned in, an arrangement which facilitates the acquisition, retention, use or control of criminal property for, or on behalf of, another person […]