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 […]
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 […]
We are pleased to announce that Senior Partner Michael O’Kane featured on @RUSI’s ‘The Suspicious Transaction Report’ podcast, alongside Maya Lester QC in a special ‘High Risk Thinking’ episode in which the topic of individual sanctions was explored, as well as the future of UK sanctions tools post-Brexit. They also broke down the challenges individuals […]
We act for a foreign national, resident in the UK, who has assets at financial institutions in the UK and in various European jurisdictions. We were instructed to assist our client after a number of these financial institutions notified our client’s family office of their intent to close the accounts held by our client and […]
On 5th March, the FCA published its first discussion paper of 2020, entitled ‘Transforming culture in financial services – driving purposeful cultures’ (‘DP20/1’). The FCA’s posturing in the area is important – the regulator has oversight over a large and diverse population of financial services firms, with its reach set to be extended further from […]
The 2015 Fédération Internationale de Football Association (FIFA) bribery scandal has all the hallmarks of a Shakespearian melodrama: money, deceit and the meteoric fall of the villain – former FIFA president Sepp Blatter (who has not been charged by US authorities and maintains his innocence of any wrongdoing). A decade on from the initial investigation, […]
On Wednesday 24 June 2020 , Partner Anna Bradshaw will be participating in a panel discussion on ‘Spotlight on Russia: the proposed new regime for dealing with Russian entities’ (Webinar Five). Sanctions Regulation and Compliance is an eight part webinar programme for financial crime and sanctions professionals offered by City & Financial Global. Details on […]
The comfort of a pleasant daily walk and a Netflix binge for solace has become the new normal in the midst of the Covid pandemic. Whilst some of us have been distracted by settling into the new TV series (or seven) others have been left wanting. One quintessentially British aspect of normal life has been […]
As a response to the pandemic, facial recognition has been deployed in various countries as a way to stem the rate of transmission. For example, it has been most controversially used to track quarantine evaders and to gauge elevated temperatures in crowds in states such as Russia and China. The UK has similarly jumped on […]
