BLL Bulletin

Law-Commission-Suspicion
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Law commission suspicion
Speed read: Jonathan Fisher QC discusses the history, problems and possible reforms for the law on suspicion, a crucial threshold for suspicious reporting which at present is hindering the anti-money laundering effort.
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Fungibility
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Law commission fungibility
Speed read: In this article, Jonathan Fisher QC explores whether the notion of fungibility has been applied too widely in the money laundering legislation.
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A-new-landscape--5AMLD-and-the-art-market
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A new landscape: 5AMLD and the art market
Speed read: 5AMLD brings 'art market participants' within the regulated sector, requiring them to comply with UK anti-money laundering regulations, whether or not they deal in cash.
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Roll_out_the_red_carpet
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Rolling out the red carpet: RegTech and its relationship with the 5th Money Laundering Directive
Speed read: 2020 has barely started, and it is already proving to be the year of RegTech as Regulatory bodies increase their push for comprehensive technology solutions to Anti-Money Laundering and Counter Terrorist Financing.
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The revamped Money Laundering Regulations 2017 in 2020: Five key changes
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The revamped Money Laundering Regulations 2017 in 2020: five key changes
Speed read: Amendments to the Money Laundering Regulations 2017, introduced by the Money Laundering Regulations 2019, entered into force on 10 January 2020.
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Anti-money-laundering-regime-requires-urgent-reform
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Anti-money laundering regime requires urgent reform
Speed read: Jonathan Fisher QC analyses the suspicious reporting regime and the inundation of the National Crime Agency with reports which are often of little use in the anti-money laundering effort.
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Confidential-Whistleblower
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Tax whistleblowers
Speed read: Rachel Clark analyses the whistleblowing regime in the context of tax whistleblowers, considering the unique position of reporting to HMRC and proposing specific protections needed to protect the flow of important information on tax offences.
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Account forfeiture
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Banking on account forfeiture — dramatic developments in the UK & Jersey
Speed read: The National Crime Agency’s recent success in the first major appeal of an account forfeiture order, coupled with the government’s 2019 Asset Recovery Plan, indicates that even greater use of Account Freezing / Forfeiture Orders ('AFOs') is on...
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The-EU’s-latest-money-laundering-directive
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The European sanctions regime and fair trial principles
Speed read: The General Court of the European Union recently decided Klyuyev v Council of the European Union Case T‑305/18 (19.07.2019) regarding European sanctions designated against high-profile individuals in Ukraine. The case provides an opportunity to consider the regulation of...
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Data Sharing
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UK/US data sharing and the impact on financial crime
Speed read: On 3 October 2019 the UK and US signed a new data sharing agreement. So far, its benefits to the fight against terrorism and child exploitation have been in the spotlight. The agreement, however, casts the net widely...
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