Included in this round up:

Two jailed for a total of 9 years in £5 Million money laundering case

London’s money-laundering ‘enablers’ face crackdown

New crime unit to investigate corruption affecting developing countries

Iraqi prime minister unveils anti-corruption measures

FCA secures High Court Judgement awarding injunction and significant penalties against five defendants for market abuse  

Money Laundering

Two jailed for a total of 9 years in £5 Million money laundering case – Following an investigation by City of London Police, two men were found guilty of laundering nearly £5 million of criminal funds. Mr Talwar received two sentences of eight and three years to run concurrently for laundering £3.5 million of criminal funds over a four month period. Mr Khan was sentenced to one year in prison for laundering £1.4 million of criminal funds. City of London Police, 10 August 2015 

London’s money-laundering ‘enablers’ face crackdown – David Cameron, UK prime minister, cited the Ibori case last week in Singapore when he vowed in a speech to crack down on foreign criminals laundering stolen money through London. James Ibori, a former Nigerian governor, pleaded guilty to fraud and money-laundering offences worth at least £50 million. Mr Ibori was jailed for 13 years.  The Telegraph, 28 July 2015

Corruption

New crime unit to investigate corruption affecting developing countries – The UK is stepping-up its work to investigate cases of international corruption affecting developing countries through a new specialist unit launched by International Development Secretary Justine Greening. The Government website, 9 August 2015 

Iraqi prime minister unveils anti-corruption measures – Iraqi Prime Minister Haider al-Abadi has won the backing of his cabinet for sweeping reforms, aimed at cutting government spending and tackling corruption. The measures include the abolition of the posts of vice-president and deputy prime minister. The BBC, 9 August 2015

Market Abuse

FCA secures High Court Judgement awarding injunction and significant penalties against five defendants for market abuse – The High Court has ordered that the FCA is entitled to permanent injunctions and penalties totalling £7,570,000 against Da Vinci Invest Ltd, Mineworld Ltd, Mr Szabolcs Banya, Mr Gyorgy Szabolcs Brad and Mr Tamas Pornye for committing market abuse. FCA, 12 August 2015