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 […]
In a review of the key developments in AML and sanctions over the course of 2019 by Moneylaundering.com, a publication of the Association of Certified Anti-Money Laundering Specialists (ACAMS), Partner Anna Bradshaw is quoted on proposals to reform the EU’s AML framework: “The most explosive development would be a move from directives to regulations, but […]
Partner Anna Bradshaw will be examining the latest themes across US and EU sanctions landscapes, and the problems caused by the divergence between the two. She will also be discussing sanctions post Brexit with some predictions at where the UK’s foreign policy may tilt. Read more
The U.S government has been condemned for its refusal to extradite an American woman who has been charged in the death of the British teenager Harry Dunn. Foreign secretary Dominic Raab says the British government “would have acted differently if this has been a U.K diplomat serving in the U.S”. Partner Nick Vamos says that […]
