Money Laundering Bulletin

There has been much debate regarding whether to treat entities associated with the Russian state as sanctioned on the basis that they are subject to the "control" of President Putin or other senior officials who are designated persons under UK sanctions, pursuant to Regulation 7(4) of the Russia sanctions regulations. Alexandra Webster of Simmons & Simmons finds instruction in recent case law.

The outgoing vice president of the Financial Action Task Force (FATF) has stressed how highlighting predicate offences "with a human face" helps illustrate to governments, business and civil society that money laundering is not a victimless crime and so AML is worthy of significant political and financial support. Speaking to MLB in an exclusive interview in Ottawa, Canada's capital and his home base, Canada's Jeremy Weil said...

War is a constant in human history: as well as loss of life and physical destruction, the political, social and economic dislocation creates new opportunities for organised crime. Mikhail Karataev looks at the illicit finance risks triggered even before a shot is fired.

Gordons Partnership 2020 Ltd and Moseley Chapman & Skemp Solicitors Ltd have been ordered to pay UK£77,784 (US$105,570) and UK£9,419 (US$12,785), respectively, after the Solicitors Regulation Authority for England & Wales, found they had breached the Money Laundering, Terrorist Financing (Information on the Payer) Regulations 2017 (MLRs 2017).

Mali, under military rule since 2020, and riven by civil war between government forces, Islamists and Tuareg separatists, has yet managed to address the illicit finance threat - although it's set to be a long campaign, find Alamako Sokona Coulibaly, in Bamako, and Keith Nuthall.