i-law

Financial Crime

LLR: Financial Crime

SHVIDLER v SECRETARY OF STATE FOR FOREIGN, COMMONWEALTH AND DEVELOPMENT AFFAIRS | DALSTON PROJECTS LTD AND OTHERS v SECRETARY OF STATE FOR TRANSPORT
[2025] Lloyd's Rep FC 355
Financial sanctions – Transport sanctions – Proportionality – Standard of review – Appellate review.
CHANANA v KHAN
[2025] Lloyd's Rep FC 411
Sanctions – Insolvency – Asset freeze – Prior obligations – Statutory demand – Sanctions and Anti-Money Laundering Act 2018 – Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019 No 855) – Insolvency Rules 2016 (SI 2016 No 1024) – Council Regulation (EU) 269/2014.

Money Laundering Bulletin

Quicksilver through the cracks - crypto
Criminals, always seeking new ways to shift and infiltrate their funds into the legitimate financial sector, have seized on cryptocurrencies as global alternatives to fiat money - enabling fast, cost-effective, efficient transfers. Keith Nuthall finds that gaps in legislation, controls and constant innovation mean law enforcement, firms and regulators are in continual catch-up.
Online Published Date:  18 Nov 2025
Appeared in issue:  329 - 01 Dec 2025
Way ahead - ideas for global AML reform
AML architecture is a story of rapid development and the cracks are everywhere apparent. Even if possible, would it be wise to level the ground and start afresh, learning from past experience, and how, realistically, should the existing edifice be altered, adapted and so made more fit for purpose? Paul Cochrane and Keith Nuthall gauge informed opinion.
Online Published Date:  17 Nov 2025
Appeared in issue:  329 - 01 Dec 2025

Fraud Intelligence

Over one in four UK businesses experienced fraud in last 12 months: 2024 survey
Over a quarter (27%) of active British businesses encountered fraud in the previous 12 months, with medium and large firms bearing the brunt, according to the UK Economic Crime Survey 2024 (sample size 3,477), published by the Home Office on 7 November [2025].
Online Published Date:  14 Nov 2025
Appeared in issue:   - 14 Nov 2025
Close up - surveillance use, law and kit
Better than a smoking gun, one might think, is video or audio of a suspect caught in the bad act, but then is it legal, admissible, technically feasible, a sensible use of investigative resource? Keith Nuthall laces his gumshoes and goes looking for answers.
Online Published Date:  13 Nov 2025
Appeared in issue:   - 13 Nov 2025

Supreme court coverage in Lloyd's Law Reports: Financial Crime

Latest Supreme Court case reported in Lloyd's Law Reports: Financial Crime

https://static.i-law.com/ilawResponsive/prod/publications/Apr-2025/29/3585ac74-e555-4a0e-9caf-41b8490facf1-FCPt3Cover.jpg

El-Khouri v Government of The United States of America [2025] UKSC 3; [2025] Lloyd's Rep FC 87

With a commentary written by Rachel Cook, of Counsel, Peters & Peters Solicitors LLP, this case clarifies and simplifies the test for conduct and determining jurisdiction with regards to extradition. However, the Supreme Court acknowledged the simplicity of applying the test in this case, and practitioners are left with potential difficulties arising in more complex scenarios with conduct occurring across multiple jurisdictions.

Financial Crime Search

Compliance Monitor

Individuals warned of FCA action over CFD non-compliance
An FCA survey of a quarter of operators in the Contracts for Difference market has found some "mid to small sized firms" that have made "few or no" changes in response to the Consumer Duty, introduced over two years ago.
Online Published Date:  13 Nov 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
FCA partners with Singapore on AI as first step to chain of "attachés"
The FCA is developing a "network of financial services attachés around the world", marked this month by announcing an imminent appointment to the British High Commission in Singapore, with a particular role in Artificial Intelligence.
Online Published Date:  12 Nov 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
FCA tackles concerns over products in the credit building market
Five firms providing credit building products have withdrawn their offerings, while others have changed their design, business models and marketing materials, after an FCA review concluded that they can cause more harm than good.
Online Published Date:  10 Nov 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025

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