July 1, 2024
Cases
World Uyghur Congress v NCA [2024] EWCA Civ 715: successful challenge to NCA decision not to investigate imports from Uyghur Region.
Sentencing & Confiscation
Gould [2024] EWCA Crim 669: 2 conspiracy counts charging separate agreements could justify consecutive sentence: 11 years upheld.
R (Mileage Reclaim Ltd (t/a Taxbuddi)) v North Somerset Magistrates Court [2024] EWHC 1531 (Admin): App. to set aside Account Freezing Order (AFO) (POCA s303Z3) delayed: app. For JR refused as suitable alternative remedy to set aside available in Mags Ct.
Bills, Statues & SIs
Nothing of note.
Guidance, Circulars, Reports and Consultations
Teamwork: A Smart way to tackle financial crime – speech by Steve Smart: FCA: 26 Jun 24
UK becomes fraud capital of the world: IFA: 16 Jun 24
Seizing Crypto: When Asset Recovery Goes Digital: RUSI: 13 Jun 24
Deepfake fraud directed at banks on the rise: The Banker: 12 Jun 24
Annual Fraud Report: UK Finance: 3 Jun 24 available from UKF website.
25 Years fighting fraud: OLAF (European Anti-Fraud Office): 3 Jun 24
News
Post Office Horizon IT Inquiry: Recordings, transcripts, reports, evidence and key documents etc available on the POHITI website.
Labour Party Manifesto includes expanded fraud strategy (page 69).
CPS:
Members of Britain’s biggest benefit fraud gang jailed for a combined total of more than 25 years: 30 May 24
FCA:
FCA acts against 3 individuals from SVS Securities for mistreatment of pension funds: 24 Jun 24
2 arrests connected to suspected illegal £1B cryptoasset business: 20 Jun 24
NCA:
Uyghur group wins appeal over UK investigation into ‘slave labour’ cotton: Reuters: 29 Jun 24
Man arrested in probe into Mone-linked PPE firm: BBC: 12 Jun 24
SFO:
Serco settles landmark lawsuit linked to overcharging scandal: City A.M.: 18 Jun 24
Ex-Glencore employees set to face charges over Africa corruption: F.T.: 17 Jun 24
Axiom Fund financial adviser sentenced to eight years in prison for fraud: Law. Soc. Gaz: 10 Jun 24
Nigeria’s $50 million settlement with Glencore must be fully transparent and redress the harms caused by corruption: Spotlight on Corruption: 5 Jun 24
Home
Barrister jailed for 3 years for Legal Aid fraud: Legal Futures: 25 Jun 24
DWP algorithm wrongly flags 200,000 people for possible fraud and error: Guardian: 23 Jun 24
Low pay for UK financial crime prosecutors hits efforts to hire top talent: F.T: 21 Jun 24
Rag trade fraudsters jailed for £1.3m VAT evasion: BBC News: 21 Jun 24
Trio sentenced after hundreds ripped off in fraud: BBC News 14 Jun 24
Telegraph warns £278mn loans to Barclay family companies may never be repaid: F.T.: 19 Jun 24
Money laundering gang jailed over £1.2m IT fraud: BBC: 5 Jun 24
Monzo: FCA Ends Money Laundering Probe: PYMNTS: 4 Jun 24
US
Terraform and Kwon to Pay $4.5 Billion Following Fraud Verdict: SEC: 29 Jun 24
CFTC Orders Trafigura to Pay $55 Million for Fraud, Manipulation and Impeding Communications with the CFTC: CFTC: 17 Jun 24
British tech tycoon cleared in US fraud trial: BBC: 6 Jun 24; Why the odds were stacked against Mike Lynch and what can be learned from his extradition and unsuccessful US prosecution: Sky: 7 Jun 24
Ohtani’s ex-interpreter pleads guilty to fraud charges re £17m: BBC: 4 Jun 24
Ex-US admiral charged with bribery for Navy contract: BBC: 1 Jun 24
Abroad
$257m seized in global police crackdown against online scams: Interpol 27 Jun 24.
Emails show how millions flowed to ‘Political Consultants in Malta Hospital Corruption case: OCCRP: 17 Jun 24
HSBC Switzerland breached money laundering rules, says Swiss watchdog: Reuters: 18 Jun 24
The warring conmen at the heart of a €5b carbo trading scam: Guard: 4 Jun 24
Standard Chartered accused of helping to fund terrorists: BBC: 4 Jun 24
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