Rahman Ravelli Solicitors

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US ORDERS BANK TO CLOSE OVER MONEY LAUNDERING AND TERRORIST FINANCING

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US banking regulators have ordered Pakistan's Habib Bank to close its New York office after it failed to heed concerns over possible terrorist financing and money laundering. New York banking officials have said that Habib, Pakistan's largest private bank, failed to watch for compliance problems and...
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AZERBAIJAN ELITE ALLEGEDLY INVOLVED IN £2.2 BILLION COVERT MONEY MOVEMENTS

Azerbaijan’s ruling elite is alleged to have operated a secret £2.2 billion scheme to pay prominent Europeans, buy luxu...
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SFO FUTURE LOOKS SAFE

The future of the Serious Fraud Office seems slightly more secure after the Solicitor General praised its work and high co...
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TESCO EXECUTIVES’ TRIAL ADJOURNED

The trial of three former senior executives of Tesco who are accused of fraud and false accounting has been adjourned. For...
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TESCO TO PAY COMPENSATION OVER MISREPORTING OF PROFITS

Tesco has opened its £85m compensation scheme for shareholders who lost money after being misled by the company's oversta...
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VW ENGINEER JAILED FOR EMISSIONS FRAUD

A Volkswagen engineer has been jailed for 40 months and ordered to pay a $200,000 fine for his role in emissions test chea...
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SAMSUNG HEIR LEE TO APPEAL AGAINST HIS FIVE-YEAR SENTENCE FOR BRIBERY

Samsung heir Lee Jae-yong is appealing against his five-year jail sentence for bribery and other offences. The 49-year-old...
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BELGIUM NAMED EUROPE’S MOST LENIENT COUNTRY ON MONEY LAUNDERING

Belgium's anti-money laundering (AML) penalties have been highlighted as the most lenient in the Eur...


CEO CONVICTED OF FRAUD COSTING INVESTORS $750M

A former chief executive officer of US medical device company ArthroCare Corporation has been convic...


AUSTRALIA TO EXTEND MONEY LAUNDERING RULES

Australia is to extend its anti-money laundering (AML) rules to cover domestic digital currency exc...


PETROFAC CREATES A COMPLIANCE BOARD

UK oilfield services firm Petrofac is to establish a compliance and ethics board while it continues ...


SFO TO DECIDE ON ROLLS-ROYCE CHARGES IN 2018

The Serious Fraud Office (SFO) expects to decide next year whether to file criminal charges regardin...


HOW TO USE DIGITAL TECHNOLOGY TO PROTECT YOUR BUSINESS FROM FRAUD

Organised crime costs the UK at least £24bn a year, according to the Home Office. In the digital ag...