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National Economic Crime Centre partners’ Action Day targets city money laundering

A day of action by National Economic Crime Centre (NECC) partners will target money service businesses (MSBs) at risk of being used by criminals to launder money. Officers from Her Majesty’s Revenue & Customs (HMRC) and the City of London Police will visit every MSB in...
Posted On 17 Feb 2020
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SRA review shows “too many” law firms falling short on money laundering prevention

The Solicitors Regulation Authority (SRA) has issued a stern warning to the profession about money laundering in the wake of a review that shows a significant number of law firms are not doing enough to prevent it, with some falling “seriously short”. The SRA’s...
Posted On 07 May 2019
RUSI headquarters in central London
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Royal United Services Institute outlines detail behind “busy research agenda” for 2019

The various centres of research within the Royal United Services Institute (RUSI) have looked back on the many achievements made in 2018 and also taken the opportunity to preview the “busy agenda” that awaits in 2019. RUSI is an independent Think Tank engaged in...
Posted On 14 Jan 2019
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Terrorist threat remains high in European Union despite decline of IS in Iraq and Syria

Europol’s 2018 EU Terrorism Situation and Trend Report provides a concise overview of the nature of the terrorist threat the European Union (EU) faced in 2017. Last year, 68 innocent victims lost their lives as a result of terrorist attacks in the EU – reason enough for Europol...
Posted On 22 Jun 2018
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IHMA refers to report on counterfeiting-induced job losses as “extremely disturbing”

The International Hologram Manufacturers Association (IHMA) states that a new report on job losses due to counterfeiting is “extremely disturbing” and urges a “redoubling” of global authentication strategies. Published by the Organisation for Economic...
Posted On 24 Oct 2017
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UK FinTech Financial Crime Exchange sees firms working together to combat criminality

Since launch, no less than 17 of the UK’s leading financial technology (or FinTech) firms have agreed to join the UK FinTech Financial Crime Exchange (FFE). Established by FINTRAIL and the Royal United Services Institute (RUSI), the FFE enables firms to collaborate b...
Posted On 08 May 2017
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Criminal Finances Bill receives Royal Assent to tackle money laundering and corruption

The Criminal Finances Act 2017 will give law enforcement agencies and their partners further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption and combat the financing of terrorism. The Act of Parliament creates...
Posted On 03 May 2017
Keith Vaz MP
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“End London’s ‘Welcome Mat’ for money launderers” urges Home Affairs Select Committee

The Home Affairs Select Committee has stated that the combination of “poor supervision and enforcement” in the London property investment market is creating a safe haven for laundering the proceeds of crime. As a result, the Committee is calling for much stronger...
Posted On 19 Jul 2016