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Europe proposes new rules on money laundering
The ultimate owners of companies and trusts would have to be listed in public registers in EU countries, under updated draft anti-money laundering rules approved by a specialist committee of the European Parliament last week. The proposed new rules would be incorporated in the anti-money laundering directive currently being negotiated… Read more ...Dramatic increase in trafficking of British children
A dramatic increase in the number of British-born children being trafficked for sexual abuse has been revealed in figures released recently by the National Crime Agency (NCA), the Guardian reported this week. According to the Guardian, an increase of 155% in children potentially at risk of sexual abuse was disclosed… Read more ...Banks unhappy with anti money laundering systems
Bank boardroom focus on money laundering is at an all-time high, according to data released recently by accountancy firm, KPMG. Broadly speaking money laundering is an activity that takes money derived from criminal activities such as fraud and obscures its origins so that it appears to have a legitimate source… Read more ...Financial market manipulators may face at least four years in jail
The European Parliament has approved draft rules which would require judges to sentence offenders guilty of serious financial offences to at least four years in jail. The draft rules lay down tougher criminal penalties, including prison terms, for serious market abuses such as unlawful disclosure of information, insider dealing or… Read more ...Report reveals increase in money laundering
There has been a sharp rise in the incidence of money laundering in the UK, according to new research from BDO LLP, the accountancy and business advisory firm. The company’s latest FraudTrack report, which examines all reported fraud cases over £50,000 in the UK, found that the total value of… Read more ...Crackdown on VAT fraud continues
HMRC's crackdown on VAT fraud is clearly continuing, with the news that a 59-year-old man from the Aberdeen area has been detained by investigators pursuing a suspected fraud in relation to the VAT Flat Rate Scheme. According to HMRC, evidence was recovered by investigators with one of its task forces… Read more ...Five convicted of trafficking women
Five members of an organised crime group, which brought young women into the UK from Hungary for prostitution, have been convicted of conspiring to traffic women into the UK for sexual exploitation. The Hungarian nationals, four male and one female, were found guilty following a trial at Hove Crown Court in… Read more ...Nearly 700 tax criminals convicted in 2013
Figures recently released by HM Revenue and Customs (HMRC) have revealed there were around 700 convictions for tax and benefit fraud during 2013. Between January and the end of November, HMRC investigations led to 690 successful convictions – up from 477 in 2012, and the highest since the 2010 Spending… Read more ...Flagship Bill to tackle modern slavery
Earlier this week the Home Secretary, Theresa May, published a draft Bill designed to tackle modern slavery in England and Wales, the first Bill of its kind in Europe. The draft legislation forms part of a Government White Paper setting out action needed to eradicate slavery from the UK. It will… Read more ...More From Our News Archive
- Equal rights for foreign prisoners
- Brexit Poses Challenges to Cross-Border Crime Co-operation
- Men sentenced for defrauding banks
- Four-most Representation at the Highest Level
- NCA Identifies Key Crime Threats Facing the UK
- DCPCU Involved in Successful Money Laundering Prosecutions
- Human Trafficking Laws Come into Force
- Keeping your driving licence - establishing 'exceptional hardship'
