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Media Coverage, Legal Industry News and Press Releases - Page 7 of 32

NEWS 24 January 2018

ACCOUNTANTS AND LAWYERS NOW SUBJECT TO CLOSER MONEY LAUNDERING SCRUTINY
By Azizur Rahman.
A new body within the Financial Conduct Authority, OPBAS, is now responsible for overseeing the anti-money laundering and anti-terrorist financing regimes of 22 regulatory organisations in the legal and accountancy sectors. Read more

NEWS 24 January 2018

SFO DIRECTOR WARNS THAT BREXIT CANNOT BE ALLOWED TO HAMPER FINANCIAL CRIME PROSECUTIONS
By Azizur Rahman.
Serious Fraud Office Director David Green has insisted that Brexit should not mean a less robust pursuit of financial crime. Read more

NEWS 24 January 2018

SFO INVESTIGATES CHEMRING
By Azizur Rahman.
The Serious Fraud Office (SFO) has announced that it is investigating possible bribery, corruption and money laundering at the London-listed defence company, Chemring. Read more

NEWS 24 January 2018

WORK BEGINS ON PROPERTY REGISTER TO COMBAT MONEY LAUNDERING
By Azizur Rahman.
Britain has started preparations for the public register that will require overseas companies owning or buying UK property to provide details of its ultimate owners. Read more

NEWS 11 January 2018

WESTERN UNION PAYS $60M FOR FRAUD AND MONEY LAUNDERING FAILURES
By Azizur Rahman.
Western Union is paying $60M to resolve allegations that it failed for more than a decade to maintain a programme to deter and report suspected fraud and money laundering. Read more

NEWS 11 January 2018

ONLINE CASINOS WARNED OVER MONEY LAUNDERING FAILURES
By Azizur Rahman.
Five online casino companies could lose their licences to operate, after the Gambling Commission warned they were not doing enough to stop themselves being used by money launderers. Read more

NEWS 2 January 2018

SHELL AND ITALIAN ENERGY COMPANY CHARGED OVER NIGERIAN OIL CORRUPTION
By Azizur Rahman.
A judge has ruled that Shell, Italian firm Eni and some of their senior figures should be tried for aggravated international corruption over their purchase of a Nigerian oil block. Read more

NEWS 2 January 2018

JP MORGAN FACING IN-DEPTH REVIEW OF MONEY LAUNDERING SYSTEMS AFTER SWISS FAILINGS
By Azizur Rahman.
Switzerland’s financial regulator FINMA is to conduct an in-depth review of JP Morgan’s Swiss unit's anti-money laundering systems. This follows last year’s finding by the regulatory body that the banking giant broke anti-money laundering regulations in its dealings with the Malaysian sovereign wealth fund, 1MDB. Read more

NEWS 2 January 2018

WORLD’S BIGGEST OIL RIG MAKER PAYING $422M TO SETTLE BRIBERY ALLEGATIONS
By Azizur Rahman.
The world’s biggest builder of oil rigs, Keppel Offshore and Marine, is paying $422 million to end a US bribery probe into illegal payments to officials at Brazil’s state-owned oil company, Petrobras. Read more

NEWS 19 December 2017

NEW DIRECTION AND NEW DIRECTOR FOR SFO?
By Azizur Rahman.
The Serious Fraud Office (SFO) is to take orders from a newly-created organisation. Read more

NEWS 19 December 2017

EU TACKLES VIRTUAL CURRENCY MONEY LAUNDERING RISK
By Azizur Rahman.
European Union states and legislators have agreed stricter rules to prevent money laundering and terrorism financing involving virtual currencies. Read more

NEWS 19 December 2017

HSBC CONFIRMS IT WILL NOT BE CHARGED OVER MEXICAN MONEY LAUNDERING ALLEGATIONS
By Azizur Rahman.
HSBC no longer faces prosecution in the US over allegations it laundered Mexican drug money. Read more

NEWS 19 December 2017

MP’S SAY HS2 VULNERABLE TO FRAUD
By Azizur Rahman.
HS2, the £55.7 billion project to build a new high speed rail line, is vulnerable to fraud and other financial errors because of a lack of “basic financial controls”, according to MP’s. Read more

NEWS 12 December 2017

VW EXECUTIVE JAILED OVER EMISSIONS FRAUD
By Azizur Rahman.
A US-based Volkswagen executive has been sentenced to seven years in prison and fined $400,000 for his role in the diesel emissions scandal. Read more