Phillip Gardener

Restricting information for foreign proceedings: addressing the Ramilos trading effect

0 Comments

Fraud is increasing beyond domestic borders and the need for cooperation between jurisdictions in pursuing the proceeds of financial wrongdoing has never been so acute. Recent developments internationally, notably in the United States, seem to reduce the tools of collaboration available. However, the position in our own jurisdiction is lacking in this regard and in […]

Colbalt Blue Ampersand Crop (Left)

Fraud reform is needed urgently

0 Comments

Max Hill QC, director of public prosecutions for England and Wales, and Lisa Osofsky, director of the Serious Fraud Office, recently put their support behind extending the ‘failure to prevent’ (FTP) model from current bribery and tax offences to further encompass fraud, reviving a decades-long debate around how far corporates should be responsible for the […]

Peters & Peters

Corruption in soccer: SFO drops the ball

0 Comments

Peter FitzGerald and Amalia Neenan have penned an article for The Law Society Gazette on the recent decision by a Swiss court to acquit the former president of FIFA, Sepp Blatter, and UEFA’s former president, Michel Platini, following an allegation that a 2011 payment of 2.2 million Swiss francs from FIFA to Platini – which […]

Dr Anna Bradshaw

‘Circles of hell’: Case before Dublin High Court shows complexity of sanctions and disputes

0 Comments

Anna Bradshaw and Alistair Jones were quoted in the September 2022 issue of WorldECR, commenting on a case at Ireland’s High Court involving Cypriot companies wanting to purchase marine vessels that they had leased from a Dublin-registered firm allegedly owned by Russia. Anna told the publication that the case is a good illustration of the […]

Account forfeiture application withdrawn, and criminal investigation closed

0 Comments

In 2018, the City of London Police (CoLP) obtained account freezing orders (AFOs) over our clients’ business and personal accounts. Our clients, and their UK-incorporated company, had unwittingly become embroiled in a large-scale money laundering investigation, involving a complex web of UK bank accounts held by overseas nationals. From early in our instruction, we asserted […]

Michael O'Kane

Watch: Director of OFSI Giles Thomson on expansion of UK sanctions with Michael O’Kane and Maya Lester KC

0 Comments

Michael O’Kane, Senior Partner of Peters & Peters, hosted the 6 September 2022 event with Giles Thomson, Director of the Office of Financial Sanctions Implementation (OFSI) alongside Maya Lester KC of Brick Court Chambers. The webinar examined OFSI’s response to the expansion of UK sanctions since Russia’s invasion of Ukraine and its structural plans for […]

Crypto companies must report sanctions breaches: Anna Bradshaw in the Guardian

0 Comments

Crypto authorities must report suspected sanctions breaches to UK authorities. Peters & Peters’ Partner Anna Bradshaw told the Guardian the UK’s move was “in line with the more general expansion of financial services and anti-financial crime regulation to the crypto sector”. “Crypto and virtual assets are treated no differently to any other type of assets […]

Is failure to prevent fraud the future direction of corporate liability?

0 Comments

Craig Hogg and Caroline Timoney of Peters & Peters discuss in IFA Magazine. Earlier this month Max Hill QC, Director of Public Prosecutions for England and Wales, and Lisa Osofsky, director of the Serious Fraud Office (SFO), spoke at the 39th Cambridge International Symposium on Economic Crime where both expressed their support for expanding the […]

‘Greenwashing’: fashion industry in the spotlight

0 Comments

In July, the UK Competition and Markets Authority (CMA) launched an inquiry into ASOS, Boohoo and George at Asda to investigate potentially misleading ‘green’ claims by the three fashion brands.   The watchdog is concerned that some of the firms’ fashion products are being marketed as being eco-friendly and sustainable, even though the businesses may […]

Criminal charges: why Swiss court found Blatter and Platini not guilty and what happens next

0 Comments

In July 2022, a Swiss Federal Criminal Court (FCC) found former FIFA president Sepp Blatter and former UEFA president Michel Platini not guilty, following charges of corruption brought against them by the Office of the Attorney General of Switzerland (OAG). The fraud trial centred around an allegedly unlawful payment of about CHF 2 million made […]