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Euroviews. The Aliyev fraud case shows that financial advisors could get caught up in criminal probes ǀ View
The Aliyev case demonstrates that professional advisors may become personally caught up in the UWO issues surrounding work they have done for their high net worth clients. Those professionals would be well-advised to take great care to protect themselves from unfounded allegations.
United Kingdom
Euroviews. Government responses to COVID-19 are making the fight against money laundering harder ǀ View
Money laundering will not be at the top of many people’s lists of things to worry about as a result of the coronavirus pandemic. For those of us whose job it is to worry about money laundering generally, however, that job has just got harder.
United Kingdom
Euroviews. The levy to fight financial crime in the UK could prove a breaking point for regulated firms ǀ View
Why it should be the businesses in the regulated sector rather than the state that should have to fund the fight against financial crime? These businesses are the gatekeepers to a financial and economic system that is open to abuse by money launderers and terrorist financiers.
United Kingdom
Euroviews. The refusal of Zamira Hajiyeva’s appeal is not the victory the NCA think it is ǀ View
Enthusiasts for the UK’s still relatively new system of Unexplained Wealth Orders are cheering the recent victory of the NCA against Zamira Hajiyeva in the Court of Appeal. There are, however, at least two reasons why the rest of us should be more circumspect about cheering this particular result.
United Kingdom
Euroviews. Magnitsky sanctions are coming. What form they’ll take depends on the EU and UK ǀ View
What exactly do the new EU High Representative for Foreign Affairs, Josep Borrell and UK Foreign Secretary, Dominic Raab mean when they talk about Magnitsky sanctions? The question matters because both have committed to introducing them in their respective jurisdictions in the near future.
United Kingdom
Euroviews. It’s time for the asset recovery industry to embrace AI’s potential ǀ View
Using sophisticated algorithms, it is now possible to achieve far better outcomes in terms of speed, cost and accuracy, while also removing much of the complexity and unpredictability historically associated with locating undisclosed assets, particularly hidden bank accounts.