SURPRISE SURPRISE, the financial system provides the first alleged crime in outer space. Captain kirk, “eat your heart out”!!! Some background There are five national or international space agencies involved in the ISS – from the US, Canada, Japan, Russia and several European countries – and a legal framework sets out that national law applies […]Read More
Jersey classic money laundering case revisited (2003-2006) “You cannot turn a blind eye to the obvious”!!!
On 5 June 2003 Yvonne Edmond-O’Brien was convicted by the Royal Court (Sir Richard Tucker, Commissioner, and Jurats Rumfitt and Alio) of BEING CONCERNED IN AN ARRANGEMENT TO LAUNDER THE PROCEEDS OF DRUG TRAFFICKING by her husband Michael O’Brien, ’’KNOWING OR SUSPECTING” that he was carrying on drug trafficking, contrary to article 17(1)(a) of the […]Read More
Post brfexit – UK to impose ‘Magnitsky’ sanctions on regimes that imprison journalists and campaigners
The UK’s Foreign Secretary Dominic Raab has announced that the UK will impose ‘Magnitsky’ sanctions on authoritarian regimes that “harass and imprison dissident journalists and campaigners […] with impunity in their own countries”. Mr Raab stated that when the UK leaves the EU and therefore has autonomy over its sanctions regime, the UK will […]Read More
Jersey lawyer removed from the roll of solicitors of the Royal Court for following fraud and Money Laundering conviction
The Respondent, Kevin Manning, is a solicitor (écrivain) of the Royal Court. On 12th December, 2018, he was sentenced to a total of 3½ years imprisonment in respect of twenty counts of fraudulent conversion, one count of fraudulent conversion by a trustee and one count of failing to comply with the requirements of the Money […]Read More
Mauritius publish their NRA – The National Money Laundering and Terrorist Financing Risk Assessment of Mauritius
Mauritius – THE NATIONAL MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT OF MAURITIUS PUBLIC REPORT The Ministry of Financial Services and Good Governance has, on 29th August 2019, published the following documents: Report 1 The National Money Laundering and Terrorist Financing Risk Assessment of Mauritius – Public Report; To read public report click here 2. […]Read More
Isabella discusses the latest financial crime news with Samantha Sheen and Misha Glenny.
They cover the latest developments with: the impounded Iranian oil tanker the Adrian Darya-1, HMRC’s largest-ever money laundering fine and the trailer of the Laundromat film. In the deep dive, Matthew Redhead tells us about his forthcoming paper on the effectiveness of the AML regime and what can be done to make it more effective. […]Read More
Fifth man charged in cayman money laundering case
Kody Zander is the fifth person to be charged in connection to an ongoing investigation into alleged money laundering of millions of dollars’ worth of gold. James Hinds, QC, who represents the prosecution in the matter, told Summary Court Magistrate Valdis Foldats, “Kody Zander was charged in relation to a four-handed matter now before the […]Read More
Jersey courts criticise ‘no consent’ regime….AGAIN!!!
The issue of the ‘no consent’ regime in Jersey has recently been considered in the Jersey courts as part of an application to judicially review and quash the decision of the JFCU to refuse to consent to the normal operation of a bank account. Judgement say This is an application to judicially review and quash […]Read More