Partner Anna Bradshaw is interviewed by the ACAMS MoneyLaundering.com on the vote this week by the House of Lords, defeating proposals that would have conferred wide powers on ministers to create new criminal offences for breaches of sanctions and anti-money laundering legislation. The article, “UK Ministers Lose Parliamentary Support for Unilateral Sanctions Powers”, is available […]
The Financial Conduct Authority (FCA) has been criticised by legal experts for their lack of attention to insider dealing cases, LIBOR and other bank rate cases are blamed. Business crime partner, Neil Swift provides his reasons as to why this may be, suggesting that regulators tend to “only pursue cases where the likelihood of conviction […]
Partners Neil Swift and Anna Bradshaw will each chair a day of Infoline’s 4th Annual AML, Financial Crime & Sanctions forum in London. This forum will help benchmark your compliance processes and understand the impact of regulatory developments. As well as chair, both will moderate various sessions throughout the forum. Read the full forum agenda […]
Partner Nick Vamos on the question ‘Are high net worth individuals protected from extradition? To answer this, he reviews the current extradition landscape. Read the full article in the Global Banking & Finance review here.
Peters & Peters is acting for the CEO of a multinational company in preliminary reference proceedings heard before the Court of Justice of the European Union on 28 February 2018. The preliminary reference relates to the interpretation of the EU legal framework on the European Arrest Warrant (EAW) and the surrender procedures between EU Member […]
Since Russia invaded Ukraine two years ago, the UK, US, EU and other jurisdictions have imposed a plethora of sanctions on Russia, including on business figures who are believed to have links with the Kremlin. In the UK, a designated person can challenge their designation, first to the minister who made the designation and, if […]
The investigation into our client – a young man of good character – began after a night out in 2021. Our firm took over the case from a local solicitor, identified the weaknesses in the evidence, and began extensive engagement with the police regarding further lines of enquiry that fatally undermined the allegation. Over the […]
Peters & Peters notes with great satisfaction the judgment of the Honourable Mr Justice Robin Knowles CBE in the Republic of Mozambique litigation which was handed down on 29 July 2024. The judgment represents a major milestone in the five years of litigation, initiated by the Attorney General of Mozambique, to hold the Privinvest Group […]
Last week, the Financial Conduct Authority (FCA) fined CB Payments Limited (CBPL), the UK arm of Coinbase, about £3 million ($4.5 million) for repeatedly breaching a requirement that prevented it from offering services to high-risk customers. According to the FCA, CBPL does not undertake cryptoasset transactions for customers, but acts as a gateway to trade […]
Last month, the FCA announced the arrest of two people suspected of running an illegal cryptoasset exchange business. The suspects were interviewed under caution, and their digital devices seized, before being released on bail pending an investigation. The FCA, working with the Metropolitan Police Service, is investigating the business for allegedly buying and selling cryptoassets, […]
