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Financial Crime
Sanctions challenges and the definition of "corruptly" examined in Lloyd's Law Reports: Financial Crime
Recent cases reported in Lloyd's Law Reports: Financial Crime
Khan v The Secretary of State for Foreign, Commonwealth and Development Affairs [2024] EWHC 361 (Admin); [2024] Lloyd’s Rep FC 49
With a commentary written by Vivien Davies, Head of Sanctions at FieldFisher, this case is an important development in the judicial approach to sanctions challenges, as it provides further clarification on how the court will approach the designation of sanctioned individuals, particularly in relation to the issue of proportionality and whether sanctions designations constitute a disproportionate interference with human rights.
United States v Thomas Robertson No 22-3062 (DC Cir, 2023); [2024] Lloyd's Rep FC 75
Alice Lepeuple, Senior Associate, WilmerHale, examines the Robertson definition of “corruptly” (done with a corrupt purpose or through independently unlawful means) and whether this might be applied in cross-border bribery cases.
Money Laundering Bulletin
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Not one in four law firms fully compliant with UK ML Regulations
Fraud Intelligence
UK banking fraud losses drop 1.5% in first half of 2024
Dark to light - fraudsters making good
Compliance Monitor
FCA secures two convictions over £1.5m crypto scam that fleeced 65 people
Prolix papers on the Consumer Duty
High Court allows Term SOFR-based rate as reasonable alternative to LIBOR
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