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

Russia added to EU AML/CFT blacklist
The European Commission, on 3 December, listed Russia as a high-risk third country over deficiencies in its anti-money laundering and counter financing of terrorism regime.
Online Published Date:  04 Dec 2025
Appeared in issue:  329 - 01 Dec 2025
Operation Destabilise further disrupts Russian laundering networks
The UK's National Crime Agency (NCA) is pursuing disruption of Russian money laundering networks in Britain and overseas, whose funds might help Moscow finance its invasion of Ukraine.
Online Published Date:  04 Dec 2025
Appeared in issue:  329 - 01 Dec 2025

Fraud Intelligence

Inside job - traits and behaviours to beware at work
Look out for fraudsters; certainly, but look in as well. Executives' and line workers' interests may conflict with their employer's goals to its disbenefit for reasons beyond or within its control. Either way, Keith Nuthall finds the signs will be there if you know where to look.
Online Published Date:  04 Dec 2025
Appeared in issue:   - 02 Dec 2025
Judge-only fraud trials in future under UK reforms
Defendants accused of serious and complex fraud will no longer be tried by a jury in England & Wales, under changes, announced on 2 December, designed to ease a massive backlog of cases in the criminal justice system.
Online Published Date:  02 Dec 2025
Appeared in issue:   - 02 Dec 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

A quantum computing leap for financial services?
A research note from the Financial Conduct Authority considers the potential applications of quantum computing in UK financial services. Daniel Hirschfield and Martin Dowdall review the paper, some of the key challenges and what firms and regulators can do now to prepare for quantum computing.
Online Published Date:  02 Dec 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
Review of firms finds uneven defences against romance fraud
With a nine per cent increase in reports over the financial year 2024/2025, this exploitative crime is growing in scale and complexity. In a deep dive into the systems of six varied banks and payment institutions, the regulator saw some "meaningful, tailored care" as well as a lack of consistency across the industry. Denis O'Connor reports.
Online Published Date:  01 Dec 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
2025 in review for financial crime prevention
The past 14 months have seen the implementation of significant new regimes for financial crime prevention. Emma Radmore and Stephen Wilson examine the main themes of the year and provide a heads-up for 2026.
Online Published Date:  01 Dec 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025

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