i-law

Financial Crime

LLR: Financial Crime

R v CULLEN ASBESTOS LTD
[2025] Lloyd's Rep FC 306
Northern Ireland – Health and safety offences – Dissolved companies – Register of Companies – Restoration – Asbestos.
R v JACOB (FORMERLY OYEBOLA)
[2025] Lloyd's Rep FC 253
Proceeds of crime – Appeal – Application for leave to appeal by the prosecutor under the court's inherent power – Application for leave to appeal under Proceeds of Crime Act 2002, section 31 – Application for leave to re-open a final determination under CrimPR Part 36.15.

Money Laundering Bulletin

Social menace - the risk horizon widens
Big tech is itching to add payment service options to lock billions of users onto social media platforms - already exploited for financial crime - still longer but wants to avoid the full demands on obliged entities under anti-money laundering regulation: trying to have it both ways? Paul Cochrane and Raghavendra Verma investigate.
Online Published Date:  17 Sep 2025
Appeared in issue:  328 - 01 Nov 2025
Failure costs - remediation
Topline financial penalties for rule and law breaches may be in the hundreds of millions, even billions, of dollars, but the true price of non-compliance runs far higher once accounts for putting matters right are finally reckoned. Paul Cochrane looks at the business of repairing systems and controls.
Online Published Date:  17 Sep 2025
Appeared in issue:  328 - 01 Nov 2025

Fraud Intelligence

Ex-FBI lead hostage negotiator flips the script
"Is now a bad time to talk?" Deal-making techniques are often obsessed with getting to 'yes', but Chris Voss has a different approach. In a 24-year career with the US Federal Bureau of Investigation (FBI), negotiating with terrorists and criminal organisations, he learnt to get better results by tactical empathy along with preserving a person's right to veto.
Online Published Date:  17 Sep 2025
Appeared in issue:   - 17 Sep 2025
UK's economic crime plan yet to cut reported fraud, update confirms
The volume of fraud reported in England and Wales soared by 31%, to 4.16 million cases, over the year to 31 March 2025, despite the former Conservative government's 2023 Economic Crime Plan 2.
Online Published Date:  10 Sep 2025
Appeared in issue:   - 15 Jul 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 closer look at expanded non-financial misconduct rules
Rules for banks on serious misconduct involving bullying, harassment and violence have been extended to non-banks, and the regulator is consulting on whether more guidance is needed. Elizabeth Robertson and Paddy Ferguson outline the changes and steps firms should be taking now.
Online Published Date:  05 Sep 2025
Appeared in issue:  Vol 38 No 2 - 01 Oct 2025
Elderly fraudster prosecuted by FCA sent to prison till age 87
An 85-year-old who defrauded over 100 people in a £1 million investment scheme has been sentenced to two years in jail after the FCA brought a successful prosecution against him.
Online Published Date:  05 Sep 2025
Appeared in issue:  Vol 38 No 2 - 01 Oct 2025
EU institutions negotiate revised payments legislation
Dubbed by many as an 'evolution' rather than a 'revolution', reforms to the European Union payments legislative framework have reached trialogue negotiation stage, following the approval in June 2025 of the EU Council's position. Martin Dowdall and Clare Reynolds explore provisions that are likely to feature prominently in inter-institutional dialogue.
Online Published Date:  03 Sep 2025
Appeared in issue:  Vol 38 No 1 - 01 Sep 2025

Copyright © 2025 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.