i-law

Financial Crime

LLR: Financial Crime

R v CULLEN ASBESTOS LTD
[2025] Lloyd's Rep FC 306
Northern Ireland – Health and safety offences – Dissolved companies – Register of Companies – Restoration – Asbestos.
R v JACOB (FORMERLY OYEBOLA)
[2025] Lloyd's Rep FC 253
Proceeds of crime – Appeal – Application for leave to appeal by the prosecutor under the court's inherent power – Application for leave to appeal under Proceeds of Crime Act 2002, section 31 – Application for leave to re-open a final determination under CrimPR Part 36.15.

Money Laundering Bulletin

From BMPE to CMLN: how compliance missed the bigger picture
The past five years have seen an unexpected change in the AML typology landscape. From the once-dominant Black-Market Peso Exchange (BMPE) to the newly defined Chinese Money Laundering Networks (CMLNs), the compliance community faces an uncomfortable truth: banks are often the last to know when the ground beneath them has already shifted, says Mikhail Karataev.
Online Published Date:  11 Sep 2025
Appeared in issue:  327 - 01 Oct 2025
From the ground up - Syria
Reconstructing a country and its institutions after 13 years of civil war and half a century of one-party rule is a monumental endeavour: Syria's new government may be able to exert some authority over the banking system but with so much of the economy cash-based, effective anti-money laundering is set to be a long-term challenge. Paul Cochrane reports.
Online Published Date:  05 Sep 2025
Appeared in issue:  327 - 01 Oct 2025

Fraud Intelligence

UK's economic crime plan yet to cut reported fraud, update confirms
The volume of fraud reported in England and Wales soared by 31%, to 4.16 million cases, over the year to 31 March 2025, despite the former Conservative government's 2023 Economic Crime Plan 2.
Online Published Date:  10 Sep 2025
Appeared in issue:   - 15 Jul 2025
Who can tell? - deepfake detection
Already, it is hard, approaching impossible, to be confident that content seen and heard online is genuine, with advances in deepfake creation, powered by AI, accelerating the erosion in trust. Sarah Gibbons & Keith Nuthall investigate the latest iterations in moving image manipulation and the tools seeking to catch it.
Online Published Date:  05 Sep 2025
Appeared in issue:   - 15 Jul 2025

Supreme court coverage in Lloyd's Law Reports: Financial Crime

Latest Supreme Court case reported in Lloyd's Law Reports: Financial Crime

https://static.i-law.com/ilawResponsive/prod/publications/Apr-2025/29/3585ac74-e555-4a0e-9caf-41b8490facf1-FCPt3Cover.jpg

El-Khouri v Government of The United States of America [2025] UKSC 3; [2025] Lloyd's Rep FC 87

With a commentary written by Rachel Cook, of Counsel, Peters & Peters Solicitors LLP, this case clarifies and simplifies the test for conduct and determining jurisdiction with regards to extradition. However, the Supreme Court acknowledged the simplicity of applying the test in this case, and practitioners are left with potential difficulties arising in more complex scenarios with conduct occurring across multiple jurisdictions.

Financial Crime Search

Compliance Monitor

A closer look at expanded non-financial misconduct rules
Rules for banks on serious misconduct involving bullying, harassment and violence have been extended to non-banks, and the regulator is consulting on whether more guidance is needed. Elizabeth Robertson and Paddy Ferguson outline the changes and steps firms should be taking now.
Online Published Date:  05 Sep 2025
Appeared in issue:  Vol 38 No 2 - 01 Oct 2025
Elderly fraudster prosecuted by FCA sent to prison till age 87
An 85-year-old who defrauded over 100 people in a £1 million investment scheme has been sentenced to two years in jail after the FCA brought a successful prosecution against him.
Online Published Date:  05 Sep 2025
Appeared in issue:  Vol 38 No 2 - 01 Oct 2025
EU institutions negotiate revised payments legislation
Dubbed by many as an 'evolution' rather than a 'revolution', reforms to the European Union payments legislative framework have reached trialogue negotiation stage, following the approval in June 2025 of the EU Council's position. Martin Dowdall and Clare Reynolds explore provisions that are likely to feature prominently in inter-institutional dialogue.
Online Published Date:  03 Sep 2025
Appeared in issue:  Vol 38 No 1 - 01 Sep 2025

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