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Our sister publication, World Money Laundering Report, has always adopted the view the Deferred Prosecution Agreements are legalised bribery to enable companies and their officers to evade prosecution for crimes committed.

Alun MIlford, General Counsel of the UK's Serious Fraud Office argues, in a speech to the Cambridge Symposium on Economic Crime, 2017, that the DFA is a useful tool, and that the UK version is materially different from the US version on which it is based.

Editorial Staff
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The UK's Serious Fraud Office secured a conviction against Ponzi scheme operator David Gerald Dixon in November last year. In addition to a jail sentence, he was ordered to surrender GBP275,000 in respect of proceeds of his crime. The deadline for payment has passed and the Order has not been satisfied.

The UK's General Election is all over bar the shouting: there remain a handful of seats to declare but the result is already beyond doubt: even if the Conservatives will all the outstanding seats, they will still not have enough seats to form a majority government. That, Prime Minister, Theresa May, had thought impossible: her objective in calling an election at short notice was so arrogant that her stated expectation was to increase the majority her party had so as to bulldoze her view of separation from Europe without effective opposition. Now, her first job, is to decide if she will even be PM tomorrow morning after the electorate demonstrated that there is a global move towards...

Nigel Morris-Co...
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Quietly, almost under the counter, the UK's Financial Conduct Authority is preparing itself for life outside the EU with a raft of agreements directly negotiated with regulators around the world.

Editorial Staff
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It's a year since the EU's Tobacco Products Directive came into force in the UK but its full effects were not required until a grace period to allow a run-out of stocks in the distribution pipeline. So as from now, the way products are marketed and, even, produced.

Editorial Staff

If the Labour Party were to win the general election next month, the Prime Minister and the Chancellor would both be supporters of hard-line communists.

Jeremy Corbyn has a long history of public association with communism but the fact that his shadow chancellor (opposition finance minister) John McDonnell thinks that Karl Marx has "a lot" to teach the English will come as welcome news for those who are vacillating: you can tell a lot about people by the company they keep and, unlike the Blair/Brown years, at least we know exactly where the leadership stands. And it stands for increasing taxation for millions, according to McDonnell in an interview with the BBC.

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It seems utterly bizarre and a major waste of resources given that there is to be a General Election on 8th June that the local government elections already planned for yesterday were not postponed. But they went ahead. Will the results encourage complacency or be a call to action?

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While the UK was under attack from the IRA and others, it was realised that reactive policing did not provide preventative protection. While specialist units had long been in place for undercover work in relation to both terrorism and organised crime, the models worked, largely, because the targets were known or could be associated with a class of persons. And, of course, individual officers had a network of informants upon whom they relied. But, again, much of this was reactive or, insofar as information could prevent an action, led to internment rather than prosecution. Something had to be done and that something became, in 2000, the National Intelligence Model under which policing became intelligence-led.

The UK's Financial Conduct Authority has published a table setting out "the total amount of fines so far." It's a head-shaking moment.

Editorial Staff
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Those who think that the people who brought the action and the Judges who found in favour of the Complainants simply do not understand: if they want to blame someone, blame whoever stuffed up Bill that provided for a Referendum.

Editorial Staff
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Diplomats are expert at couching hard truths in soft language, a trick that leads to ambiguity. There's not much of either in the letter Sir Ivan Rogers left for his staff when he left his post several months early so that he was no longer there when negotiations for the UK to leave the EU start in earnest. In Whitehall, this morning, there will be more bloody noses than pulled punches - but Whitehall has a treacle-like approach to criticism. Standard operating procedure is to hang-around until the fuss dies down, then carry on as before.

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You know all that fuss in India about withdrawing bank-notes in a so-called but misnamed "demonetisation" scheme? Well, they were high value notes. What would happen if a country decided to withdraw a low-value coin and replace it? We will all find out in the UK in just a few weeks.

Editorial Staff
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There's rarely anything new in Spam Scams but the letter that purports to come from "Investigation and Enforcement Services" and carries a (not exactly correct) UK Government Copyright Notice is novel. Read the full mail below.

Editorial Staff
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In the UK, there is an epidemic of advertising and other forms of marketing by companies who then pass leads to firms ( which, these days, are often companies not firms) of solicitors. Their advertising is annoying and sometimes misleading; but there are practices that are downright unethical and borderline (or perhaps over the border) illegal. Can the practice be prevented? Perhaps it's time to wind back the clock on fee sharing.

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Thank you, Britain.

The UK has voted to end its full membership of the European Union in a referendum, although the result has, at the time of writing, not been formally announced, the losers are actively working to create divisions within the country and turning to hostile rhetoric to foster their own agendas.

Nigel Morris-Co...
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