When the 4th Anti-Money Laundering Directive was introduced in 2017, it fundamentally changed the way businesses handle money, and one part of this directive which is often overlooked is the need for an independent audit of AML processes to be carried out on a regular basis.
From being practical to dynamic, Jim shares how an internal investigation at a company is handled when something does not look right. What drew you to the legal practice of White Collar Criminal Defense? I didn’t start my legal career thinking, specifically, that I could be a White Collar Lawyer but I have always had […]
Often associated with drug lords, Anne touches on cartels relate to antitrust law, how investigations are led in companies and what needs to happen in order for a settlement to occur. Are all cartels illegal? This is a question of definition. Nowadays, the term “cartel” is commonly used for an illegal agreement between competitors – […]
How is corrupt behaviour usually detected? Corrupt behaviour is usually revealed as a result of the obligations placed on financial services businesses and professional services firms to report suspicious activity. This is encouraging because the increasing frequency of revelations of suspicions of bribery and corruption suggests that the legislation designed to combat money laundering is […]
Recently released reports on the Bribery Act 2010 and by the Office for Professional Body Anti-Money Laundering Supervision (‘OPBAS’) have given contrasting assessments of the performance of two keystones in the fight against financial crime and corruption.
Criminals who obtain millions of dollars through illegal means need to make that dirty money appear clean. Bloomberg QuickTake explains the most popular ways that crooks launder money. Warning, don't try this at home.
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