Archive for the ‘Alerts’ Category

Government announces a new crackdown on corrupt professionals who help criminals

Lawyers, couriers and accountants could be jailed if they turn a blind eye to criminal activity they profit from, under Home Office plans. It wants to see a new offence of "participation in an organised crime group" to target those with reason to suspect they are part of an illegal enterprise. This ...

HM Treasury issue advice about unsatisfactory money laundering controls

HM Treasury has issued new advice about risks posed by unsatisfactory money laundering and terrorist financing controls. On 14 February 2014 the Financial Action Task Force (FATF) published two statements identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter financing regimes. The Money ...

Money Laundering Scam Alert

February 23, 2012  |   Alerts,General News & Cases   |     |   0 Comment

Money Laundering Scam Alert Some commercial electronic verification companies may contact you stating that all client due diligence verification must now be done electronically making paper copies no longer acceptable. This is just a marketing ploy and is not correct in any shape or form. The law and guidance on conducting client ...

15.03.11 Reminder from HMRC – Money laundering risks from politically exposed persons

March 15, 2011  |   Alerts   |     |   0 Comment

Financial sanctions imposed on Libya, Zimbabwe, Al-Qaida and the Taliban The UK Government has announced financial sanctions against the regimes in Libya and Zimbabwe and against anyone associated with either Al-Qaida or the Taliban. Recent developments in the Middle East have highlighted the need for businesses to be vigilant and have robust ...