The practical (and in some respects intended) effect of the Third Directive and the Money Laundering Regulations 2007 is to make it much more difficult for regulated firms to do business outside the EU, and vice versa.

The most recent extradition treaty between the United Kingdom and the United States was signed in Washington on 31st March 2003 ("the 2003 Treaty"). The 2003 Treaty was signed by David Blunkett, the then Home Secretary, for the Government of the United Kingdom. Parliament was not consulted and the text of the treaty was only made public after it was signed.

The introduction of the offence of corporate manslaughter (corporate homicide in Scotland) in April 2008 was inevitably going to trigger debate – as to whether the offence will provide the panacea for all ills when it comes to corporations being held accountable for deaths that occur in connection with the organisation, whether the Act is a sop to those who have campaigned for its introduction for the past ten years – or that perhaps that the reality is somewhere in between.

On 27 March 2025, following the Modern Slavery Act consultation in October 2024 and the Government's response in December 2024, the Home Office published statutory guidance...

Overall global settlements are clearly desirable to save time and money. Delinquent businesses want to draw a line under their wrongdoing and move on.

President Obama noted that a small, five-storey office building in the Cayman Islands capital George Town, Ugland House, is officially home to more than 18,000 companies, yet only 241 people work there.

2008 ended with the conviction of Jonathan Krestin, Managing Partner of London solicitors Butcher Burns, for money laundering.

Counter-terrorist financing would appear to be the poor cousin of anti-money laundering. It is not uncommon for the two to be lumped together as if they were virtually identical.

This paper will first discuss the concept of regulatory creep with reference to the corpus of regulatory activity. It will then focus on anti-money laundering regulation as an area consistently identified as industry's most costly and burdensome regulatory requirement.

Economic crime can occur, and cause loss, in one Member State but may require evidence from other EU Member States to prove dishonesty.

This chapter gives a practical overview of key civil interim measures and remedies available from the English civil court for securing recoveries for a victim of fraud, corruption or other acquisitive crime.

In 1977, the United States Congress passed The Foreign Corrupt Practices Act. The FCPA was introduced as an attempt to ensure commercial fair dealing, government integrity and accountability, and the efficient and equitable distribution of limited economic resources.

In December 1998, the United Kingdom Government ratified the OECD Convention on Bribery, a key weapon in the global battle against corruption. The OECD recognised that corruption was not a ‘one-way street,’ that those who offered bribes were as guilty of corruption as those who received them.

The Framework Decision on the European Arrest Warrant initiated a radical change to extradition proceedings within the EU, accelerating the process considerably and removing a number of bars to extradition, most notably the bar of dual criminality for 32 specified categories of offences

The Fraud Act 2006, which represents the most radical change in the law of criminal fraud since the Theft Act 1968, came into force on January 15, 2007. We are now over a year into the new law, which seems a reasonable juncture to pose the question: has it had any impact?

It might be tempting to imagine that solicitors have many more pressing concerns than the problem of counter-terrorist financing.

Under the banner of countering illicit and unregulated financial flows, the international fight against money laundering has, in recent years, increasingly turned its attention towards intermediaries.

NCIS, the forerunner of SOCA, and the Financial Action Task Force have both highlighted the gaming sector as vulnerable to money laundering. This vulnerability has not lessened, and indeed may have increased, with the advent of cybergaming.

Lawyers advising on sanctions must not only navigate the risks their clients face but also manage their own risks when providing legal services. Just as professionals must guard against the misuse of legal services...

In this new economic climate, white collar crime is no longer seen as victimless. It is seem as symptomatic of the failures of a global banking and regulatory system and countries are cracking down on perpetrators.