Pandemic homeworking has opened new ways for unscrupulous bankers to engage in market abuse. Neil Swift, partner at the law firm Peters & Peters and an expert on insider dealing, says the FCA will need to take swift action if it wants to live up to its deterrence policy. That will not be easy, he […]
The National Crime Agency’s recent successful recovery of £10m of assets from wealthy businessman, Mansoor Hussain could slow criminal activity in the UK. Rachel Cook mentions, “The NCA has recovered a substantial amount of money (without a criminal prosecution) and acted to prevent future criminal conduct. Other ostensibly “clean” individuals who are operating as launderers […]
We are delighted to announce that Hannah Laming and Karl Masi have authored the England and Wales chapter in The International Comparative Legal Guide- Business Crime 2021. This publication provides a practical cross-border insight into business crime law and offers a helpful overview of the key legal and procedural issues relevant to investigations and prosecutions […]
Those contemplating bringing a private prosecution have two options when seeking to compel information from third parties: seeking the assistance of investigative authorities like the police, or attempting to use tools available in the civil courts, in particular Norwich Pharmacal orders (NPOs), to obtain evidence themselves. However, the Commercial Court’s recent decision in Burford Capital […]
Maria Cronin (Co-Chair) and Hannah Laming (expert speaker) will be involved in the first event in a series of virtual discussions around the Criminal, Regulatory & Civil issues that Asset Recovery practitioners need to know about. Benefit from an expert led interactive session led by PCB Litigation & Peters & Peters. Private Prosecutions & Committal […]
Art sales in 2018 recorded a high of $6billion (according to UBS’ Art Market Report 2019), but only 4 per cent of collectors had spent $1million or higher when purchasing a piece of artwork online. Moving forward to March 2020 when galleries, auction houses and art fairs closed their doors, the art world paused for […]
Chaired by Jane Colston (Brown Rudnick), Keith Oliver (Peter & Peters) and Mona Vaswani (Milbank), a Pecha Kucha style presentation on the fraud issues of the moment. Join us for the second of our regular get togethers, where leading fraud practitioners can reflect on the challenges we face in these extraordinary times, and promote our […]
Philippe Moryoussef, a former Barclays trader and French citizen who fled to France before being convicted of helping to rig a key benchmark is currently facing extradition proceedings which if successful, would result in him being extradited to the UK to serve his 8 year sentence. As the Brexit deadline looms, Nick Vamos says, the […]
Financial institutions have come under scrutiny as the recently leaked “Fincen files” reveal banks and financial services firms that have been taking dirty cash from suspected money launderers. Neil Swift says “on the whole, banks take their obligations to file suspicious activity reports very seriously”. He argues that the reporting system is used to raise […]
The recent decision of the Commercial Court in Burford Capital Ltd v London Stock Exchange Group plc [2020] EWHC 1183 (Comm) is likely to make courts increasingly cautious when considering whether to grant Norwich Pharmacal orders (NPOs) for use in potential private prosecutions. It is likely that some of the obiter comments by Baker J, if applied […]
