HMRC has confirmed that it has opened its first investigations into the corporate criminal offence of failure to prevent the facilitation of UK tax evasion, using new powers to tackle corporate fraud contained in the Criminal Finances Act, introduced in the wake of the Panama Papers leaks ‘These investigations have been commenced since November 2018 […]

A London student who pre-paid 390,000 pounds ($500,000) in rent for a Knightsbridge penthouse must hand over nearly half a million pounds, following an investigation by the U.K.’s National Crime Agency. Three bank accounts for Vlad Luca Filat, 22, were frozen in May 2018 after NCA financial investigators suspected the funds derived from illegal activity […]

The UK Time newspaper has reported today (11/01/2019) that the National Crime Agency said yesterday. a record number of suspected dirty money cases were reported last year as awareness of Britain’s role in high-end financial crime grows, The number of suspicious activity reports rose by about 10 per cent to 463,938 during 2017-18, with a […]

A Barclays bank worker and four other men have admitted being part of a network responsible for laundering at least £16 million, following an investigation by the National Crime Agency (NCA). Over a three-year period, the group set up and controlled around 400 bank accounts in a conspiracy which involved receiving stolen funds into one account, […]

In the case of National Crime Agency v N and Royal Bank of Scotland plc [2017] EWCA Civ 253, the Court of Appeal allowed the appeal of the National Crime Agency (NCA) against orders for a bank to execute customer transactions, without consent from the NCA, when the bank had made suspicious activity reports on […]

On 8 November the Chancellor, Philip Hammond, announced that criminal and civil investigations had been launched into 22 individuals following an investigation by the Panama Papers Task Force led by HMRC and the National Crime Agency. Mr Hammond also said that another 43 high net worth individuals had been placed under special review while their […]

The National Crime Agency (NCA) has published its Annual Report on Suspicious Activity Reports (SARs) covering the period from October 2014 to September 2015 (the Period). The UK’s NCA is the enforcement agency tasked with gathering, processing, analysing and disseminating information relevant to financial crime in the UK. The Fraud Intelligence Unit (FIU) is a […]

Martyn Dodgson, senior investment banker, and Andrew Hind, a qualified chartered accountant, have both been convicted of conspiring to insider deal between November 2006 and March 2010. Mr Dodgson obtained information about transactions through his position and asked Mr Hind to deal in the relevant shares. The defendants put in place elaborate strategies designed to […]