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Results: 1-10 of 258

Shah v HSBC: what duties do banks owe their customers when making SARs?

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • April 24 2009

Earlier this year, the High Court considered a claim by a customer against his bank in relation to its failure to process transactions whilst requests for consent under the Proceeds of Crime Act 2002 (POCA) were pending with the Serious Organised Crime Agency (SOCA

Principal's right to recover a bribe paid to a fiduciary proprietary or personal?

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • May 23 2011

The Privy Council decision of Attorney-General for Hong Kong v Reid 1994 1 AC 324 has generally been taken to hold that a principal has a proprietary right to a bribe paid to a fiduciary

The FCA's financial crime priorities

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • August 16 2013

The Financial Conduct Authority ("FCA") recently published two documents which provide additional information about its current supervisory and

Corporate Crime Update October 2014 - United KingdomEurope

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • October 17 2014

The African Development Bank (AfDB) has banned a British education equipment and training company from doing business with it for 30 months because of

Anti-money laundering and anti-bribery systems and controls at asset management firms: FCA thematic review

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • December 1 2013

In October 2013, the Financial Conduct Authority (FCA) published the much-anticipated report of its thematic review into anti-money laundering (AML

SOCA v David Gale, Teresa Mandy Gale David Kenneth Gale, June Patricia Peel Queen's Bench Division 2009 EWHC 1015 (QB)

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • September 3 2009

The Serious Organised Crime Agency has brought civil recovery proceedings under Part 5 of the Proceeds of Crime Act 2005 in relation to recoverable property owned by David Gale either in his own name or in the names of his former wife, his son and his mother

HMRC publish MLR 100 - money laundering regulation (MLR) application for registration

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • April 28 2011

The HM Revenue & Customs (HMRC) has published an updated form MLR100 - Money Laundering Registration - Application for registration

FSA fines Aon Limited £5.25 million for failing to effectively manage corruption risk

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • January 20 2009

The FSA has fined Aon Limited ("Aon") £5.25 million for systems and controls failures in relation to its management of corruption risk associated with payments to third parties in high risk jurisdictions

Who 'owns' a bribe - the recipient or victim?

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 29 2011

The Court of Appeal has given judgment in Sinclair Investments (UK) Limited v Versailles Trading Finance Limited & Others (2011 EWCA Civ 347), firmly dismissing the appeal - and the defendants' cross appeal - from the judgment of Mr Justice Lewison of 30 June 2011

Corporate crime update - United Kingdom

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • April 12 2013

An Edinburgh solicitor has been jailed for four years for his role in the laundering of £1.8m. Richard Housley was also convicted of income tax fraud