United KingdomThe Serious Fraud Office of the U.K. announced that David Kennedy was convicted of one count of fraudulent trading for his role in a £100 million investment fraud scheme involving the Cayman Island-registered Axiom Legal Finance Fund.
HM Treasury’s Office of Sanctions Implementation amended one consolidated list entry pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019.
Whistleblower draws attention to U.S. fintechs, U.K. authorities will auction seized artwork, and more, in the weekly roundup.
Legal Brief: Tracking the Finances of Environmental Crimes
The ACAMS moneylaundering.com legal team examines U.S. and global initiatives to trace and target the proceeds of illegal logging, fishing, mining, wildlife trafficking and other environmental crimes.
Weekly Roundup: Isle of Man Gaming Firms Raided, US Aid Package Brings Sanctions Risks, and More
The Solicitor Regulation Authority entered into a regulatory settlement agreement with the Hythe, U.K.-based sole practitioner that requires it to pay a £3,620 fine for failing to fully comply with the Money Laundering, Terrorist Financing (Information on the Payer) Regulations 2017.
The Solicitor Regulation Authority fined the Romford, U.K.-based firm £6,663 for violating the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and other regulatory breaches.
| Technical | Effectiveness |
|---|---|
| Compliant : 23 | High : 4 |
| Largely Compliant : 15 | Substantial : 4 |
| Partially Compliant : 2 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 116/141 |
| Score : 4.02/10 |
| Rank : 12/180 |
| Score : 77/100 |
| Rank : 12/133 |
| Score : 46/100 |