Article
One In Four Firms Has Reportedly Lost $1 Million-plus In A Fraud Attack
One in four businesses lost over $1 million in a single fraud incident in the past year,
according to a report.
Rahman Ravelli
- Article
Online Casino Ordered To Pay £1 Million For Money Laundering Failings
Online casino company ProgressPlay Ltd has been fined £1 million by the UK's Gambling Commission for failing to properly assess money laundering and terrorist financing risks.Rahman Ravelli - Article
Proposed New UK Reporting Requirements For Corporates Are Out For Consultation
Neil Williams of business crime specialists Rahman Ravelli is cautiously optimistic about their possible introductionRahman Ravelli - Article
SAP's Settling Of Bribery Allegations
Angelika Hellweger of Rahman Ravelli details how accusations against the software company have been resolved.Rahman Ravelli - Article
The FCA And The Future
Matt Cowie of Rahman Ravelli discusses the Financial Conduct Authority's (FCA) efforts to accelerate supervisory and enforcement actions, aiming for greater collaboration among its units. Focused on economic crime and market abuse, the FCA seeks enhanced effectiveness and alignment with strategic goals.Rahman Ravelli - Article
The FCA Warns That Gaps Remain In Brokers' Money Laundering Defences
The Financial Conduct Authority (FCA) has stated that wholesale brokers must improve their efforts to identify and prevent money laundering.Rahman Ravelli - Article
The Increased Popularity Of SPACs Has Led To Them Becoming A Major Feature Of The Financial Landscape
Syed Rahman of financial crime specialists Rahman Ravelli gives an overview of the scale of the SPAC phenomenon – and some of the risks associated with them.Rahman Ravelli - Article
The Issue Of Anonymity And Cryptoassets Has Become A Major Part Of The European Commission's Anti-Money Laundering Efforts
Syed Rahman of financial crime specialists Rahman Ravelli considers the Commission's stance.Rahman Ravelli - Article
The UK's Financial Conduct Authority Is Proposing To Speed Up Its Decision Making
But Syed Rahman of financial crime specialists Rahman Ravelli is concerned the move may have the opposite effect.Rahman Ravelli - Article
Three Individuals Have Been Sentenced For A Huge Fraud They Committed Against A Sovereign Wealth Fund
Angelika Hellweger of financial crime specialists Rahman Ravelli outlines the risks such funds can face.Rahman Ravelli - Article
UK Chancellor Rishi Sunak Is Planning Freeports As A Means Of Boosting The Post-Brexit UK Economy
Niall Hearty of financial crime specialists Rahman Ravelli considers the fears some have voiced about the plan.Rahman Ravelli - Article
US Crypto Exchange Coinbase Is Having To Pay $100 Million For Money Laundering Failings
Syed Rahman of financial crime specialists Rahman Ravelli considers what went wrong.Rahman Ravelli - Article
The Financial Conduct Authority Is Seeking Opinions On How It Can Be More Effective In Tackling Wrongdoing.
The UK's Financial Conduct Authority has announced a consultation to see how it can tackle illegal behaviour in the financial services market.Rahman Ravelli - Article
Some Commentators Have Questioned Whether London Can Remain The Preferred Destination For Those Looking To Bring International Litigation In The Wake Of Brexit
But Syedur Rahman of litigation specialists Rahman Ravelli believes its reputation will remain intact.Rahman Ravelli - Article
The Premier League Has Successfully Pursued A Chinese Company For Huge Football Broadcasting Payments.
A court ordered a Chinese broadcaster to pay England's Premier League at least $213 million for missed payments in a $700 million football TV rights deal.Rahman Ravelli - Article
Syed Rahman Of Financial Crime Specialists Rahman Ravelli Considers The Charges That Airbnb Faced Over Sanctions Violations
A subsidiary of the accommodation rental website Airbnb is to pay $91,000 to settle civil charges that it violated US sanctions on Cuba.Rahman Ravelli - Article
United States Targets Businessman Involved In Dealings With Oligarch
Angelika Hellweger of financial crime specialists Rahman Ravelli details an example of the US aggressively pursuing those it believes are guilty of sanctions evasion...Rahman Ravelli - Article
The US Bank Citibank Has Been Fined $400 Million By Regulators For Risk Management Failings
Syedur Rahman of business crime specialists Rahman Ravelli emphasises the need for effective control systems.Rahman Ravelli - Article
Niall Hearty Of Financial Crime Specialists Rahman Ravelli Considers The $79.5 Million Settlement Goldman Sachs Has Agreed With Shareholders Over 1MDB
Goldman Sachs officials have reached a $79.5 million settlement with shareholders over the bank's links to the Malaysian 1MDB sovereign wealth fund scandal.Rahman Ravelli - Article
Recently-Announced US Arrests Regarding Cryptocurrency-Related Money Laundering
The United States has announced that it has charged 21 individuals for their roles in global cryptocurrency money laundering networks.Rahman Ravelli
