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Fraud Newsletter 6 - December 2021

Fraud Newsletter No. 62 - Dec 21 (6 downloads)

CASES

Failure to disclose communications between US ‘fixer’ and SFO Director led to unsafe conviction: Akle and Bond: [2021] EWCA Crim 1879 

More “Horizon” Post Office Appeal Convictions allowed unopposed: 2 opposed fail on facts:   Allen v Post Office & CPS [2021} EWCA 1874 applying Ambrose [2021] EWCA Crim 1443. 


SENTENCING AND CONFISCATION

NatWest fined £264m with £4.5m costs for failing to comply offences under ML Regs 2007 relating to Fowler Oldfield money laundering: R v. NatWest (Cockerill J: Sentencing Remarks): 13 Dec 21.  

BILLS, STATUTES & STATUTORY INSTRUMENTS

Nothing of note. 

CONSULTATIONS, GUIDANCE, CIRCULARS AND REPORTS

UK-Eurojust Working Arrangementpractical and operational co-operation on serious & organised crime etc. 20 Dec 21. 

Government proposes strengthening insolvency regulationConsultation ends 25 Mar 22:  The Insolvency Service: 21 Dec 21, following the APPG on Fair Business Banking report Resolving Insolvency: Restoring Confidence in the SystemSep 21. 

The ABCs of the CPI: How the Corruption Perceptions Index is calculatedTransparency Int: 20 Dec 21. 

 Together in Electric Schemes: Analysing Money Laundering Risk in E-PaymentsTransp Int – UK: 17 Dec 21. 

National Cyber Security Strategy 2022: Cabinet Office:  15 Dec 21.  

UK Anti-Corruption Strategy 2017-2022: Year 3 Update – 2020HO / DfID, FCDO: 11 Dec 21: Summary 

2021 Payment Threats and Fraud trends Report: EPC 6 Dec 21. 

Fraud and the Justice System: New Inquiry on how fraud investigated and prosecuted: deadline for written submissions 17 Jan 22: 3 Dec 2: Justice Committee. 

New tool to support sentencing in the Crown Court: SentencingACE (avoidance of common errors): 17 Dec 21 

Bounce Back Loan Scheme: An update: NAO/ HMT /DBEIS / BBB: 3 Dec 21: Part 2 includes an update on fraud estimates and counterfraud measures. 


NEWS

FCA: 

 

 

SFO: 

Unaoil: (iCA ruling in Akle and Bond: [2021] EWCA Crim 1879; (ii) SFO director’s position ‘untenable’ after damning ruling, lawyers say; Law Soc Gazette: 10 Dec 21.(iii) A-G begins review of SFO after judges overturn bribery conviction: Guardian: 10 Dec 21: (iv) Former oil executive appeals Unaoil bribery conviction following Akle’s successful appealReuters: 20 Dec 21 

SFO secures confiscation against former Petrofac executiveSecurity Matters 23 Dec 21. 

HOME: 

EU & ABROAD: 

Commission fines UBS, Barclays, RBS, HSBC and Credit Suisse €344m for participating in a Foreign Exchange spot trading cartel: EC:  2 Dec 21. 


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Fraud Resources

Volaw Trust Summary

Tony Shaw QC

These monthly Fraud Newsletters are a very succinct summary of fraud cases and matters which have occurred in the preceding four weeks. Their aim is let you check that you have missed nothing of importance. If you need more detail it can be obtained by using the hyperlinks. The newsletters are as opinion free as possible!

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