In recent years, the idea of criminalising the ‘failure to prevent’ undesirable conduct has increasingly been seen as a panacea for prosecutors looking to crack down on economic crime. But what is the viability of such a regime in the area of market abuse? Read more
Partner Anna Bradshaw speaks to MoneyLaundering.Com about the civil monetary penalties in excess of £20m imposed by the United Kingdom’s sanctions enforcer, the Office of Financial Sanctions Implementation (OFSI), on Standard Chartered Bank for ‘most serious’ violations of EU financial sanctions against Russia. Read more
Corporates are undoubtedly versed in complying with anti-money laundering regulations but increasingly Unexplained Wealth Orders (UWOs) should be on our radar too. With the ability to pierce the corporate veil and their powerful extra territorial reach, UWOs should be taken very seriously. Read more
Partner Anna Bradshaw comments in the Global Investigations Review (GIR) on the civil monetary penalties imposed on Standard Chartered Bank by the UK Office of Financial Sanctions Implementation (OFSI), noting that the substantial reduction in the penalty amounts at the ministerial review stage are comparable to those seen in previous enforcement action and querying what […]
Litigation funding – when a third party finances a law suit in exchange for a slice of the proceeds if the case is won or settled – was thrown into the spotlight last year. Thanks to the accounting practices of one of its biggest players, Burford Capital, it has been exposed to high-profile adverse publicity. […]
A recent survey of legal clients has revealed that boutique and specialist firms are outperforming the larger firms on a range of criteria including lawyer/team quality; sector/industry knowledge; and billing and efficiency, as well as consistency of client feedback. One client said about Peters & Peters, ” their advice is practical, creative and informed by […]
Peters & Peters successfully acted for a major international engineering company and its overseas parent Group working primarily in the offshore oil and gas, renewable energy and telecoms market. The company was the subject of an investigation by HMRC for potential export controls and sanctions breaches in relation to the export of dual-use marine goods […]
We act for one of two individuals prosecuted for insider dealing by the FCA in their only such prosecution since 2016. The co-defendant was a former executive in the compliance team at a major international bank. The prosecution’s case was that our client made £1.4m by trading on inside information received from his co-defendant, which she obtained from the bank’s computer system […]
Financial crime is one of the biggest threats facing the global economy. The 2019 Crime Survey for England & Wales indicated that 3,863,000 fraud offences were committed last year alone, with a high number of cases also unreported. The sheer volume presents law enforcement authorities with an impossible burden were they to investigate and prosecute every offence. […]
We are delighted to announce that our partner Dr. Anna Bradshaw is a co-editor on the first edition of the GIR The Guide to Sanctions. This guide provides a comprehensive overview of global sanction-related issues. Anna states “The book that you have now is the best you can get. While it doesn’t profess to give […]
