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

Better together - AML communities
We are social beings (generally) so it can feel lonely and hard to stay positive, to do your best in a line of work still too often cast as business obstruction. The best answer to any sense of isolation is to seek out others who can empathise, recognise the pressures and demands, who may, indeed, have confronted the exact same issue you currently face. The AML profession, although relatively new, already has deep collective experience of combating crime and meeting regulatory standards. Keith Nuthall looks at where to go for guidance, support, and, chances are, to make new friends.
Online Published Date:  10 Nov 2025
Appeared in issue:  329 - 01 Dec 2025
Coinbase fined €21.4m in Ireland for transaction monitoring faults and late SARs
Coinbase Europe, wholly owned by Coinbase Global, Inc, the world's third largest cryptocurrency exchange by volume, has been censured and ordered to pay a civil monetary penalty of €21,464,734 (US$24,830,190) by the Central Bank of Ireland (CBOI) for flaws in transaction monitoring and delayed filing of suspicious transaction reports (STRs) dealing with trading on the darknet, in illegal narcotics, malware, ransomware, child sexual abuse material, money laundering, scams and potential breaches of US sanctions. The misconduct occurred between 23 April 2021 and 19 March 2025.
Online Published Date:  07 Nov 2025
Appeared in issue:  329 - 01 Dec 2025

Fraud Intelligence

UK banks report £629.3 million fraud losses in first half of 2025
Fraud is increasing in Britain, according to the latest half-year fraud report from banking trade association UK Finance.
Online Published Date:  30 Oct 2025
Appeared in issue:   - 30 Oct 2025
Think inside the box - cargo crime
Opportunities to profit illegally from trade through false representation of goods shipped and identities of handlers en route, as well by diversion strategies, are many and varied. Electronic bills of lading are a major advance in logistics integrity, finds Keith Nuthall, but adoption as standard is over the horizon.
Online Published Date:  29 Oct 2025
Appeared in issue:   - 29 Oct 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

FCA tackles concerns over products in the credit building market
Five firms providing credit building products have withdrawn their offerings, while others have changed their design, business models and marketing materials, after an FCA review concluded that they can cause more harm than good.
Online Published Date:  10 Nov 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
Meeting the AI literacy challenge: a compliance perspective
The EU AI Act and other emerging artificial intelligence literacy requirements mark a significant shift for compliance teams. Ignorance is not a defence; organisations must actively ensure staff understand the tools they use and the risks involved, says Jonathan Armstrong.
Online Published Date:  05 Nov 2025
Appeared in issue:  Vol 38 No 3 - 01 Nov 2025
Financial sanctions breaches of just £209 prompt OFSI action
Vanquis, a "specialist finance provider for financially underserved customers", has received a public telling-off from the Treasury sanctions regulator for infringements relating to a customer who posed terrorist financing risks. Though the amount involved was small, the case provides bigger lessons for firms, reports Denis O'Connor.
Online Published Date:  05 Nov 2025
Appeared in issue:  Vol 38 No 3 - 01 Nov 2025

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