BLL Bulletin

London_Courts
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Why the NCA must be pleased with the Javadova case
The new summary account forfeiture provisions introduced by the Criminal Finances Act 2017 have yielded a significant dividend for the National Crime Agency (“NCA”) in the Javadov case which was settled a few weeks ago.
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Dirty money can be green: linking environmental crime and money laundering
The proceeds of environmental crime are laundered far more than most realise. This is the message of a recent report of the Financial Action Task Force ‘Money Laundering from Environmental Crime’, published July 2021.
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Taxpayer Notices — not a fishing expedition
Perring v Commissioners for HM Revenue and Customs [2021] UKFTT 110 concisely illustrates the parameters of HMRC’s powers to issue taxpayer notices...
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NCA v Aziz & Ors: Foreign recovery proceedings and prohibition Orders under POCA
The National Crime Agency has recently played the supporting role in US efforts to forfeit 50 prized movie posters held in the UK.
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Online marketplaces to man the frontline against VAT fraud
The fight against online VAT fraud has come into sharper focus during the pandemic, as consumers have increasingly shifted their custom online.
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UK commits to global corruption sanctions regime this year
The UK government has committed to introducing a global corruptions sanctions framework later this year. It is likely that persons wherever located can be designated on the basis that there is a ‘reasonable suspicion’ they are involved in corruption.
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Financial Institution Notices: What do they mean for banks and building societies?
On 3 March 2021, HMRC confirmed that it will be expanding its civil information powers by introducing ‘Financial Institution Notices’ (‘FINs’).
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A UK Eye on US AML Reform
Recent reform of anti-money laundering law in the US has implications for the UK. Foreign bank account subpoenas and cross-border SAR sharing is permitted.
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Benefitting from Criminal Conduct
Speed read: Jonathan Fisher QC considers the Law Commission’s Part 2 POCA reform proposal and implications for the SAR reporting.
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Financial Sanctions, Criminal Liability and POCA 2002
Circumvention offences establish criminal liability for breaches of financial sanctions. The potential engagement of the circumvention offences invites a review into whether the offences interact with the Proceeds of Crime Act 2002.
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