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

Caesars Palace fined US$7.8m for failed checks on illegal bookmaker
Caesars Entertainment, Inc and its Nevada-licensed casino Caesars Palace must pay a US$7.8 million fine for deficient customer due diligence (CDD) on client Mathew Bowyer over seven years, from 2017 to 2014, the Nevada Gaming Commission confirmed on 20 November.
Online Published Date:  21 Nov 2025
Appeared in issue:  329 - 01 Dec 2025
Risk registered - near and present threats
AML strategy heatmaps and dashboards flicker red on a broad and consistent basis. Keith Nuthall and Brenda Dionisi prioritise and interrogate some of the thematic alerts glowing brightest.
Online Published Date:  21 Nov 2025
Appeared in issue:  329 - 01 Dec 2025

Fraud Intelligence

UK Companies House starts mandatory verification of directors and persons with significant control
Companies House, on 18 November, started a 12-month phase-in of its compulsory identity verification for company directors or persons with significant control (PSC) for private companies logged onto its register, rooting out fake or stolen identities uses to establish companies or appoint directors.
Online Published Date:  21 Nov 2025
Appeared in issue:   - 21 Nov 2025
Serial swindler
The career fraudster, as well as practising every trick in the deception book, will be skilled in self-preservation, not afraid to confront law enforcement. Roland Winter, seasoned investigator and former detective, learnt much, at no small cost, from his pursuit of colourful Australian conman Peter Foster. Keith Nuthall traces the twisting tale.
Online Published Date:  20 Nov 2025
Appeared in issue:   - 20 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

Deposit protection level at FSCS raised 41 per cent
An increase in the Deposit Protection Limit to £120,000 from 1 December is a 41 per cent rise on the current £85,000 level - and £10,000 higher than the PRA proposed in March this year.
Online Published Date:  18 Nov 2025
Appeared in issue:  Vol 38 No 4 - 01 Dec 2025
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

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