i-law

Financial Crime

LLR: Financial Crime

KNZ v COMMISSIONER OF POLICE OF THE METROPOLIS
[2025] Lloyd's Rep FC 473
Regulation of Investigatory Powers Act 2000 (“RIPA”) – RIPA, section 49 Notice – Human Rights Act 1998, section 7 – Sexual Offences Act 2003, section 4 – RIPA, section 65(2)(a) and 65(2)(b).
R v HAYES AND PALOMBO
[2025] Lloyd's Rep FC 419
Dishonesty – Legal directions – LIBOR – EURIBOR – Appeals.

Money Laundering Bulletin

Malaysia first assessment under FATF fifth round signals demand for practical reforms
Malaysia has become the first jurisdiction to receive an assessment under the Financial Action Task Force's (FATF) new fifth mutual evaluation round, with the global anti-money laundering/counter financing of terrorism (AML/CFT) body focusing squarely on the country's effectiveness in fighting illicit fund flows, rather than technical compliance.
Online Published Date:  16 Dec 2025
Appeared in issue:  329 - 01 Dec 2025
Belgium not meeting ML risks from integrated organised crime - FATF
Belgium's political system is proving unable to keep up with the risks posed by increasingly complicated and multifaceted organised crime networks, the Financial Action Task Force (FATF) has warned in the second report under its new, fifth mutual evaluation round.
Online Published Date:  16 Dec 2025
Appeared in issue:  329 - 01 Dec 2025

Fraud Intelligence

Santander pays €22.5 million in French tax fraud case
Spain's Banco Santander is to pay out €22.5 million to settle a long-running French tax fraud and money laundering case at its Paris-based subsidiary for Spanish expats, Banca Personal Internacional.
Online Published Date:  18 Dec 2025
Appeared in issue:   - 02 Dec 2025
When investigations go wrong - lessons from misconduct
Struck by suspected fraud or other economic crime, an organisation's instinct, and expectation on it, is to investigate, but if not done thoughtfully, in a structured way, the consequences may be as damaging, or worse, than the harm in view. Polly Sprenger, Patrick Lloyd, Ross Lennox, and Charlotte Moss of Michelman Robinson examine the many ways casework can be derailed and how to keep it on the right track.
Online Published Date:  18 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

Accountancy regulator censured for "serious" AML oversight failings
The Institute of Certified Bookkeepers has become the first professional body to be the subject of a public enforcement action by the FCA.
Online Published Date:  02 Dec 2025
Appeared in issue:  Vol 38 No 5 - 01 Feb 2026
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

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