Handbook For The Prevention And Detection Of Money Laundering And The Financing Of Terrorism For Financial Services Business Regulated Under The Regulatory Laws. 1. This part of the Handbook sets out the amendments applied as a consequence of changes to the Money Laundering Order and other relevant legislation and comments received on the clarity and […]

(Reuters) – The United States has taken control of more than $480 million looted by former Nigerian dictator Sani Abacha and his associates after a court ruling, the Justice Department said on Thursday. The money stolen during Abacha’s 1993-1998 de facto presidency of the oil-rich African nation and stashed in banks around the world will be returned […]

In the case, Rogers & Ors v R [2014] EWCA Crim 1680, the Court of Appeal ruled that an individual could be tried for money laundering under the Proceeds of Crime Act 2002 (POCA) for permitting the receipt of sums obtained by fraud into his foreign bank account and then allowing the sums to be […]

According to a press communiqué released by the Financial Intelligence Unit (FIU) this week, funds from the bank account of a company registered in the Seychelles, named Asia Pacific Group International Limited, were frozen after the FIU was made aware of the fraudulent activity. The boiler room scam is named for its unauthorized offshore investment […]

Standard Chartered is facing a new penalty from the authorities in the United States over money laundering, less than two years after being fined more than $600 million for breaking sanctions with Iran. The lender, which focuses on emerging markets, said that it was in “active discussions” with the New York State Department of Financial […]

According to a Spanish prosecutor’s document, Lionel Messi’s alleged multi-million euro tax evasion scheme. (1) relied upon hiding the names of the real owners of companies registered in the UK, Switzerland, Uruguay and Belize. It has been widely reported that the prosecution alleges the scheme involved funneling money to tax havens using a complex web […]

A 57-year-old British accountant who had escaped from Malta when he was sought for money laundering was remanded in custody after he pleaded not guilty to money laundering in November 2008 and earlier. James Hadwen was extradited to Malta from Cyprus last Friday. Police believe Mr Hadwen laundered money for a British man who has […]

A former Ukip MEP has been charged with money laundering and misconduct in public office after an inquiry into her expense claims. The Crown Prosecution Service (CPS) said Nikki Sinclaire, who lost her seat in the European Parliament earlier this year, had been charged with the offences by West Midlands Police. A CPS spokesman said […]