Anti-Money Laundering

The Council of Europe has drawn up a wish list of measures to tackle European organised crime. Nicola Sharp assesses the potential of the proposals.

The Council of Europe wants tougher powers introduced for fighting organised crime, which it believes could be making more than a 100 billion euros a year in the European Union.

By Nicola Sharp  9 July 2020

Commerzbank has been ordered to pay more than £37M for its lack of money laundering controls

Syed Rahman believes the fine serves as a warning to financial institutions about the need to take compliance seriously.

By Syedur Rahman  30 June 2020

Legal Director Nicola Sharp discusses the need to tackle money laundering linked to wildlife-related crime with Thomson Reuters Regulatory Intelligence.

The Financial Action Task Force (FATF) has published a report, “Money Laundering and the Illegal Wildlife Trade’’, which highlights how such crime is generating billions of dollars a year that are being laundered through established channel...

By Nicola Sharp  29 June 2020

Syed Rahman Outlines Banks’ Fraud Responsibilities to an International Audience

Banks’ obligations to prevent and detect fraud were detailed by Rahman Ravelli’s Syed Rahman when he was key speaker at an international online seminar.

By Syedur Rahman  12 June 2020

Fears have been voiced that London will be increasingly attractive to money launderers if the UK does not ensure post-Brexit co-operation with the European Union

Syedur Rahman of business crime solicitors Rahman Ravelli assesses the possibilities.

By Syedur Rahman  11 June 2020

A state bank in Poland has become the subject of a money laundering investigation

Financial crime solicitors Rahman Ravelli explains why the case has significance beyond Poland’s borders.

5 June 2020

Rahman Ravelli discusses the dividend arbitrage challenges facing the European Banking Authority with Thomson Reuters

The European Banking Authority (EBA) has said that while some European regulators are viewing dividend trading schemes as tax crimes – and an offence under the Fourth Money Laundering Directive - others are taking a different position.

26 May 2020

The European Commission has begun legal action against Luxembourg for its failure to apply money laundering and tax avoidance laws

Syedur Rahman of business crime solicitors Rahman Ravelli hopes the action prompts other states to make sure they meet their obligations.

By Syedur Rahman  22 May 2020

Research has shown that hundreds of UK firms are blacklisted in the Ukraine for suspected involvement in money laundering.

Nicola Sharp of business crime solicitors Rahman Ravelli believes the research highlights a problem that needs addressing.

By Nicola Sharp  22 May 2020

In an attempt to tackle weaknesses in efforts to combat money laundering, the European Commission has devised a series of measures to improve EU-wide prevention

Nicola Sharp of business crime solicitors Rahman Ravelli welcomes what she sees as a much-needed initiative.

By Nicola Sharp  18 May 2020