Chancellor tells MPs another 43 wealthy individuals are under review as a result of inquiries following Mossack Fonseca leak. Twenty-two people face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, the chancellor has told MPs. Philip Hammond also said a further 43 wealthy individuals were under review while […]

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 […]

The UK’s National Crime Agency (NCA) has just published its 2015Suspicious Activity Reports (SARs) Annual Report and the figure that immediately catches the eye is that the SARs total continued its upward trend, rising by 7.8% to 381,882.  Just for comparison, from October 2010 to September 2011 the figure was 247,601, so that’s a pretty […]

UK anti-corruption investigators targeting high-profile world figures have been asked to investigate the finances of a former Mauritian Prime Minister after £4m in cash was discovered at his home. Ex-premier Navin Ramgoolam – a doctor and British-trained lawyer dubbed “London boy” by his critics – was led from his home in handcuffs in February after […]

A director of troubled online betting brand 666bet was reportedly arrested last week by HM Revenue & Customers (HMRC) and the  National Crime Agency in connection with their joint investigation ‘Operation Bannock’ into money laundering and fraud. This weekend The Independent newspaper revealed that a further six people and had been arrested, as 13 properties […]

Keith Bristow, Director General of the NCA, talks about the threat to national security posed by transnational crime. Read the speech here

London is a global haven for criminal financial activity – with billions of pounds laundered through British banks each day, according to the head of the UK’s National Crime Agency. “Many hundreds of billions of pounds of criminal money is almost certainly laundered through UK banks and their subsidiaries each year,” Keith Bristow the head […]