Anti-Money Laundering

Sanctions, Frozen Assets, Disclosure Risks – The Responsibilities Corporates Have Under Law

16th January 2020
Anti-Money Laundering, Corporate Crime, Corporate Internal Investigations, Financial Crime, John Binns, Money Laundering, News, News & Insights, Sanctions and Export Controls

BCL partner, John Binns writes for The Treasurer explaining that an awareness of financial crime and the responsibilities corporates have under law is an essential part of risk management.

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John Binns Explains The UK’s Version Of The Magnitsky Provisions & Why They Are Unclear

11th December 2019
Anti-Money Laundering, Bribery and Corruption, Corporate Crime, Financial Crime, John Binns, Money Laundering, News, News & Insights

BCL partner, John Binns explains in his latest article for Open Access Government the provisions inspired by the US’ Global Magnitsky Act to two pieces of UK legislation – the Proceeds of Crime Act 2002 (POCA) and the Sanctions & Anti-Money Laundering Act 2018 (SAMLA).

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The Moratorium Period: What It Does to Your Property, and What to Do When a Court is Asked to Extend It

22nd July 2019
Anti-Money Laundering, John Binns, Legal guides, Uncategorised
Few people who receive a notice of an application to extend a moratorium period under the Proceeds of Crime Act 2002 (POCA) will have the slightest idea what it means. An unfortunate effect of the evolution of the POCA regime over the years is that it appears long ago to have ceased trying to be intuitive or to have much if anything to do with common sense.

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The “Troika Laundromat Fraud”: Exposing the weaknesses in UK’s Anti-Money Laundering regime

12th April 2019
Anti-Money Laundering, Caroline Mair, Corporate Crime, Financial Crime, Insights, News & Insights, Regulatory
The so-called “Troika Laundromat” fraud, uncovered after one of the largest banking information leaks ever, highlights the ever-growing importance for those within the regulated sector to implement robust customer due diligence (“CDD”) policies which are tailored to the specific money laundering risks posed by their customers.

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MPs call for manifold changes to the UK’s anti-money laundering regime 

22nd March 2019
Anti-Money Laundering, Corporate Crime, Financial Crime, Insights, News & Insights, Serena O'Dea
BCL’s Serena O’Dea discusses the House of Commons’ Treasury Select Committee report, entitled ‘Economic Crime – Anti-Money Laundering Supervision and Sanctions Implementation’, published on Friday 8 March 2019 calling on the government to review the UK approach to economic crime.

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