The Money Authority of Singapore’s recent announcement that it intends to withdraw BSI Bank Limited’s licence highlights the potentially severe consequences for banks breaching their AML obligations – and a trend beyond mere financial penalties. It also highlights the ever-increasing risks for individuals. This article summarises the key facts and provides four important takeaways for […]

The Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements has recorded the following cases. SRA v Kamran Malik Summary: The Respondent was convicted of multiple counts of conspiracy to conceal/disguise/convert/transfer/remove criminal property in a ‘well-planned and systematic multi-million pound fraud against a number of financial institutions’ which the Respondent carried out with another person. […]

The Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements has recorded the following cases. SRA v Michael Gerald Dotchon Summary: The Respondent witnessed signatures on a transfer document of two people he had never met or identified as the true owners of the property.. After completion, he realised that the sale was a false […]