i-law

Financial Crime

LLR: Financial Crime

SHVIDLER v SECRETARY OF STATE FOR FOREIGN, COMMONWEALTH AND DEVELOPMENT AFFAIRS | DALSTON PROJECTS LTD AND OTHERS v SECRETARY OF STATE FOR TRANSPORT
[2025] Lloyd's Rep FC 355
Financial sanctions – Transport sanctions – Proportionality – Standard of review – Appellate review.
CHANANA v KHAN
[2025] Lloyd's Rep FC 411
Sanctions – Insolvency – Asset freeze – Prior obligations – Statutory demand – Sanctions and Anti-Money Laundering Act 2018 – Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019 No 855) – Insolvency Rules 2016 (SI 2016 No 1024) – Council Regulation (EU) 269/2014.

Money Laundering Bulletin

AI, AMLA and outcomes - conference clips
Financial crime is a multi-trillion dollar problem. The recent AML Intelligence conference on the subject in London heard that criminals are evolving their money-laundering techniques faster than MLROs at financial institutions are countering them, reports Chris Hamblin.
Online Published Date:  10 Dec 2025
Appeared in issue:  330 - 01 Feb 2026
Necessary but not sufficient: a critique of the FATF Asset Recovery Guidance and Best Practices 2025
Full credit, says Tristram Hicks, to the Financial Action Task Force for producing new guidance on asset recovery, which is very helpful, as far as it goes, but that is far from far enough. Drawing on direct experience of making asset recovery work in the United Kingdom, he suggests how the content should be augmented to become a blueprint for real, demonstrable change.
Online Published Date:  09 Dec 2025
Appeared in issue:  330 - 01 Feb 2026

Fraud Intelligence

UK unveils ambitious anti-corruption strategy
The UK government unveiled a long-awaited anti-corruption strategy on 8 December [2025], with an annual budget of UK£235 million (US$313 million) to meet 123 commitments, some already ongoing.
Online Published Date:  10 Dec 2025
Appeared in issue:   - 02 Dec 2025
UK Covid support scheme fraud losses largely "beyond recovery", report finds
A commissioner appointed by the British government to investigate the UK£10.9 billion (US$14.5 billion) of public money spent responding to the Covid-19 pandemic that was lost to fraud and error says "much of the shortfall is now beyond recovery".
Online Published Date:  10 Dec 2025
Appeared in issue:   - 02 Dec 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

Accountancy regulator censured for "serious" AML oversight failings
The Institute of Certified Bookkeepers has become the first professional body to be the subject of a public enforcement action by the FCA.
Online Published Date:  02 Dec 2025
Appeared in issue:  Vol 38 No 5 - 01 Feb 2026
A quantum computing leap for financial services?
A research note from the Financial Conduct Authority considers the potential applications of quantum computing in UK financial services. Daniel Hirschfield and Martin Dowdall review the paper, some of the key challenges and what firms and regulators can do now to prepare for quantum computing.
Online Published Date:  02 Dec 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
Review of firms finds uneven defences against romance fraud
With a nine per cent increase in reports over the financial year 2024/2025, this exploitative crime is growing in scale and complexity. In a deep dive into the systems of six varied banks and payment institutions, the regulator saw some "meaningful, tailored care" as well as a lack of consistency across the industry. Denis O'Connor reports.
Online Published Date:  01 Dec 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025

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