For more than 20 years I have been receiving money laundering instructions on matters involving Hawala … Read More
The Economic Crime Act – Too Little, Too Late? Global money laundering is one of the biggest (if not the biggest) criminal problems facing the world today. In the UK, the Economic Crime Act 2022 was pushed through on March … Read more…
Confiscations – the authorities are missing a trick and failing to maximize a self funding process or take advantage of a massive source of income … Read More
Hawala has grown out of historic methods for moving money that were being developed long before the establishment of the western banking system … Read More
Hawala is the overused title given to the massively popular global money transfer used by many ethnic communities around the world. Billions are transferred from the West by migrants daily back home, with similar volumes in the opposite direction from … Read more…
Does Preventing Tax Evasion Also Cure Money Laundering? Tax evasion and money laundering represent the outside layers of the same onion, whereby the core consists of drug trafficking, robbery and extortion. The outside layers are no less serious, and can … Read more…
As a forensic accountant I have been dealing with cases of money laundering involving some Hawala aspect or another for a number of years. Hawala and Similar Service Providers (HOSSPs) are money transfer businesses that are used extensively in other … Read more…
Almost every forensic accounting case handled by Mark Jenner & Co Limited will involve some money laundering. It is the backbone of every fraud and financial crime that is committed, and very often these days is the predicate offence that … Read more…
Confiscation proceedings follow a criminal conviction for a number of different crimes. Anybody making money from illegal activities is likely to commit a qualifying offence. Such offences are those where the benefit from the crimes trigger a £5,000 threshold or … Read more…
As forensic accountants with considerable experience in dealing with cases involving Money Service Businesses such as Hawala, we are often faced with the situation where a defendant is accused of money laundering primarily because he is in possession of a … Read more…
It is essential that businesses are aware of the seriousness with which the authorities regard money laundering – the legislation has been termed “Draconian” and turning a blind eye to any form of criminality these days can present the risk … Read more…
Most fraud cases investigated by Mark Jenner & Co involve some interaction with a bank. It may be simply through the examination of bank statements for an account used to launder proceeds of crime or it might be an investment … Read more…
(This newsletter is circulated in hard copy format around solicitors and baristers throughout the UK) Welcome to the second edition of “Fraud Briefing” this year. Following positive feedback gratefully received from many of you, I am now planning to publish … Read more…
In the UK, the interpretation of the Proceeds of Crime Act 2002 when using asset confiscation as a weapon in the criminal regulators’ arsenal of sanctions will continue to develop and solidify over time. However, in recent years it seems … Read more…
