Our clients are a British businessman and his UK-regulated money service business. The client is charged, alongside his UAE-based companies, with serious money laundering and terrorism financing offences. The UAE prosecution involves over 40 defendants and is of particular interest as the evidence of terrorist links appears to be almost exclusively based on publicly available […]
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 a UK-based company director in relation to an ongoing criminal investigation by the Metropolitan Police into an international Ponzi-type investment fraud. It is alleged that another director of the relevant group of companies defrauded investors across Europe and Asia in respect of an investment into sustainable residential development in South America. Following […]
Between 2005 and 2007, the Claimants (most of whom are former professional footballers) invested in tax-leveraged film schemes promoted by the “Scion” corporate entities, on the advice of Formation Asset Management Limited. At that time, Formation was the appointed representative of Carpenter Rees Limited. The schemes resulted in very serious losses for the Claimants who […]
On 9 December 2019, the SMCR was extended to authorised firms regulated solely by the FCA, replacing the former Approved Persons Regime. The SMCR is intended to protect consumers by strengthening market integrity through an enhanced governance, individual responsibility and accountability framework, comprising conduct rules and overlapping Senior Managers’ and Certified Persons’ regimes. Read more
The second RUSI paper on ‘Coordinating Sanctions after Brexit’, draws on the work conducted by the RUSI Sanctions Taskforce, supported and funded by Peters & Peters. It analyses the merits and challenges of the UK coordinating new sanctions initiatives with international partners, and also the extent to which the UK could pursue its own sanctions […]
Dystopian visions of spies — technological or human — betraying a cowed population to authoritarian regimes are rife in literature. We have not quite reached the level of surveillance depicted in Margaret Atwood’s The Handmaid’s Tale — but this could be how it starts: a global catastrophe, followed by enhanced governmental control. The latest controversy relates to […]
Former billionaire Vijay Mallya is a step closer to being extradited to India to face impending fraud charges, after two judges ruled that the case raised no public interest issues, and therefore ruled out an appeal to the Supreme Court. “Extradition must take place within 28 days of the decision of the Supreme Court refusing […]
The Serious Fraud Office has suffered a crushing defeat in the high-profile seven-year case against three former top executives at Barclays, after they were all cleared of fraud charges relating to deals made with Qatar during the financial crisis. The three defendants – Roger Jenkins, Tom Kalaris and Richard Boath — were acquitted after a […]
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