With Brexit threatening to take up much of its energy, the Financial Conduct Authority will need greater resources to cope with a rise in investigations, writes Hannah Laming. Read more.
As the U.S. goes after a handful of Russian oligarchs with its latest round of sanctions, the U.K. is under pressure domestically and from abroad to tighten controls and shed its reputation as a place to launder corrupt money. Senior Partner and Head of Business Crime Michael O’Kane, says a number of Russians have recently […]
Peters & Peters are lead counsel for a main alleged co-conspirator in the global 1MDB investigation concerning allegations of corruption in Malaysia and Abu Dhabi. Our client, a former senior public official in Abu Dhabi is alleged to have conspired with senior individuals to defraud the Malaysian public in a series of billion dollar bond […]
Western banks might have to review their operations in China due to the approval of sanctions by American politicians, due to a controversial security law that has been imposed on Hong Kong. Non-US banks could potentially be charged hefty fines under the new law. Partner Michael O’Kane said that banks are “extremely nervous about falling […]
There has never been a better time for fraudsters to get away with it. History teaches us that recession and serious fraud go hand in hand: global fraud rose by 20 per cent after the 2008 financial crisis, costing the global economy an estimated $2.91 trillion. The expert consensus is that the economic effects of […]
The latest round of US sanctions against Russian oligarchs and political officials have been designed to wound parts of the country’s economy. But the pain is also likely to be felt far away from Moscow. “These sanctions are going to make it very difficult for any western bank to deal with these companies or individuals,” […]
Keith Oliver, Head of International, co-chairs the first in a series of monthly online get-togethers. A Pecha Kucha style presentation on the fraud issues of the moment, where leading fraud practitioners can reflect on the challenges we face in these extraordinary times, and promote professional friendships. Each session features different keynote guest speakers (the first being the Right Hon. Lord Briggs […]
On 11th May, an INTERPOL Red Notice was circulated against US citizen Anne Sacoolas, marking the latest development in the ongoing battle by the family of Harry Dunn to have Sacoolas returned to the UK to face prosecution for causing his death by dangerous driving. The case continues to highlight significant concerns over the operation of […]
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In the aftermath of the financial crisis, former bankers are cashing in on a litigation boom. Keith Oliver, Head of International at the litigation specialist Peters & Peters. “Now it’s not simply a question of resolving disputes — it has become a business. These funders treat litigation as though it is a commodity. That’s fed […]
