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Fraud Newsletter 64 February 2022

Fraud Newsletter No. 64 February 2022 (18 downloads)

CASES

Persons under criminal investigation entitled to reasonable expectation of privacy before charge: Bloomberg v ZXC UKSC 5. 

MTIC fraud – Director found to be a knowing party- Dishonesty: useful review of dishonesty, knowledge, blind eye and Ivey: Hall (Liquidator of JD Group) v Bhatia [2022] EWHC 202 (Ch). 


SENTENCING AND CONFISCATION

Nothing of moment. 

BILLS, STATUTES & STATUTORY INSTRUMENTS

Online Safety law to be strengthened to stamp out illegal content: providers to identify & remove illegal content including fraud, financial crime, ML: DDCMS / HO 4 Feb 22. 

Money Laundering and Terrorist Financing (Amendment) Regulations 2022: SI 2022 No. 137 in force 9 Mar 22, requiring UK express trusts with taxable consequences also to collect details of beneficial ownership and registers with HMRC. Explanatory Memorandum 

Economic Crime (Transparency and Enforcement) Bill 2022: Registration of overseas entities; Unexplained Wealth Orders; Sanctions. 


CONSULTATIONS, GUIDANCE, CIRCULARS AND REPORTS

Mutual Legal Assistance- Guidance: Home Office: updated: 24 Feb 22.  

COVID-19 cost tracker update: Public Accounts C’tee: 23 Feb 21 re estimated losses between £12.4Bn – £20.14Bn (about 70% from BBLS and Job Retention). 

 The 2022 Crypto Crime Report: Original data and research into crypto-currency based crime: Chainalysis: Feb 22. 

EBA Report on competent authorities’ responses to the 2020 Luanda leaks by ICIJ re finances of daughter of ex Angolan president: 22 Feb 22.  

2021 Trends Show Increased Globalized Threat of Ransomware: Joint Advisory from NCSC & others: 9 Feb 22. 

Intellectual Property Counter-Infringement Strategy 2022 -27 : IPO: 4 Feb 22 

Economic Crime: 11th Report HoC Treasury C’tee: 2 Feb 22. Summary 

Victim and Witness Care in the SFO: HMCPSI: 27 Jan 22 

Monetary penalties for breaches of financial sanctions: Guidance: OFSI/ HMT: updated 28 Jan 22. 



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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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