The Securities and Exchange Commission today announced administrative proceedings against New York-based brokerage firm Windsor Street Capital and its former anti-money laundering officer John D. Telfer.  The SEC’s Enforcement Division alleges that the firm, formerly named Meyers Associates L.P., failed to file Suspicious Activity Reports (SARs) for $24.8 million in suspicious transactions, including those occurring […]

14 years ago Jonathan Duff made history by becoming the first solicitor to go to jail for failing to report suspicious transactions. Jonathan Duff was a successful practising solicitor with a thriving law firm in Chester.  An ambitious and driven Lancashire lad, he worked hard to build up the firm, which he founded in 1991, […]

Failing to file a Suspicious Activity Report Background In the first prosecution of its kind in Jersey, the Royal Court has acquitted Michelle Jardine (represented by Advocate Nuno Santos-Costa) and STM Fiduciaire Ltd (represented by Advocate David Steenson) of charges under the Proceeds of Crime (Jersey) Law 1999 (POCA). This is the first time anyone […]

An interesting case came before the Court of Appeal recently. The defendant, Michael Geary, was appealing against his conviction for “entering into or becoming concerned in an arrangement which facilitated the acquisition, retention, use or control of criminal property for or on behalf of another, contrary to section 328(1) of the Proceeds of Crime Act […]