DQ's Head of Regulatory & Compliance Services, Sinead O'Connor, spoke last week (26 April 2017) at a conference in London on the new corporate criminal offence of failure to prevent...

The Isle of Man Bribery Act ("IOMBA") came into force on 16 December 2013 and significantly changed the landscape from the standards required under the Corruption Act 2008.

The Office of National Statistics estimates that in 2015, there were 2.46 million cyber incidents and 2.11 million victims of cyber crime in the UK.

The three day event in Miami is one of the leading offshore financial crime and investigation conferences in the world.

Recent decisions of the UK Financial Conduct Authority (FCA) have provided for significant civil penalties against high profile financial institutions.

The Isle of Man is an unusual place. Constitutionally it is a dependency of the British Crown and depends on Britain in matters of defence and foreign affairs.

The Isle of Man's Judgments (Reciprocal Enforcement) (Isle of Man) Act 1968 (the "Act") provides a quick and simple process for the registration of judgments obtained in certain jurisdictions.

Following the successful introduction of ‘failure to prevent' offences in the areas of bribery and tax evasion, the UK government is priming another possible corporate offence with a call for evidence launched on 13 January 2017, to end on 24 March 2017, on ‘corporate liability for economic crime'.

The UK Bribery Act 2011 (the "Act") which came into force on 1 July 2011, does not just apply to UK corporations and UK residents, it consolidates existing legislation and also creates new offences covering bribery in the United Kingdom and overseas.

Since the Isle of Man Bribery Act came into force, an increasing number of clients have asked about what is required to demonstrate ‘adequate procedures'.

Following a series of inconsistent judgments, the Supreme Court has set down a new flexible but structured approach to illegality based upon the purpose behind the public policy.

This month (May 2020), the Financial Action Task Force (FATF) published a paper entitled "COVID-19 Related Money Laundering and Terrorist Financing – Risks and Policy Responses".

A summary of the Isle of Man’s new Bribery Bill which is expected to come into force this year.

Following successful conferences in the Isle of Man in 2014 and in Gibraltar in March 2015, leading offshore law firm DQ Advocates and global law firm Latham & Watkins will be hosting their latest Global Tax Investigations Conference in the Isle of Man on 11 September 2015.

You are a fiduciary in the Isle of Man managing the assets of your overseas client.

In December 2013, the liquidator of a Russian bank commenced proceedings in Moscow against one of the founders of the bank, Mr Pugachev, alleging that he had defrauded the bank out of c USD 2.2 billion.

The Bribery Act 2013 (BA 2013) came into force on Monday 16 December 2013 and it is largely based on the Bribery Act 2010 (of Parliament) (the BA 2010) which came into force on 1 July 2011.

The decision clarifies how duties to customers and AML obligations should interrelate.

Prosecution for committing this offence can only be brought by, or with the consent of, the Attorney General and the penalties can be severe.

In the recent case of IFG International Trust Company Limited and others v French (2012) CHP 2012/0048, the Isle of Man High Court gave useful guidance on the entitlement of a former protector to an indemnity from a trust.