Dec 2007

• 10/12/07 Issue No 41 - 10/12/07
  On 28 November 2007 the Serious Organised Crime Agency (SOCA) published the first Annual Report on the Suspicious Activity Reports (SARs) regime. It highlights substantial progress since Sir Stephen Lander's review of the regime in March 2006. ......

Nov 2007

• 16/11/07 Issue No 40 - 16/11/07
  On 15 December 2007, The Money Laundering Regulations (MLRs) 2007 will come into effect. They will revoke and replace the 2003 Regulations and HM Revenue & Customs (HMRC) are urging businesses to be prepared for the new Regulations which will affect: Money Service Businesses (MSBs); Trust or Company Service Providers (TCSPs); High Value Dealers (HVDs); and Accountancy Service Providers (ASPs). ......

Oct 2007

• 29/10/07 Issue No 39 - 29/10/07
  On 12 October 2007 HM Treasury reported that the Financial Action Task Force (FATF) has warned of the higher risks of money laundering and terrorist financing posed by deficiencies in Iran's anti-money laundering and countering the financing of terrorism system. ......

Sep 2007

• 19/09/07 Issue No 38 - 19/09/07
  On 15 August 2007 at Luton Crown Court two convicted money launderers from Bedfordshire and a local drug dealer from Buckinghamshire were ordered to repay £586,180. ......

Aug 2007

• 14/08/07 Issue No 37 - 14/08/07
  On 6 August 2007 at Nottingham and Derby Crown Courts, confiscation orders totalling £2,823,701 were agreed. These are the largest in Leicestershire Police’s history and as a result of this particular operation 16 people from a Traveller’s site on the outskirts of Market Harborough have been successfully prosecuted. ......

Jul 2007

• 31/07/07 Issue No 36 - 31/07/07
  On 25 July 2007 HM Treasury published toughened regulations to fight Money Laundering and Terrorist Financing. ......

Jun 2007

• 15/06/07 Issue No 35 - 15/06/07
  From the 15 June 2007, people who are either entering the UK from a non-EU country, or are travelling from the UK to a non-EU country and are carrying 10,000 Euros or more (or the equivalent in other currencies) will be required to declare the cash to HM Revenue & Customs (HMRC) at the place of their departure from, or arrival in, the UK. ......

Apr 2007

• 16/04/07 Issue No 34 - 16/04/07
  On 1 June 2007 new rules making it harder for organised criminals to steal VAT from the UK taxpayer will be introduced. Called the 'reverse charge', the measure is part of the Government's strategy to tackle Missing Trader Intra-Community (MTIC) fraud ......

Mar 2007

• 19/03/07 Issue No 33 - 19/03/07
  The Financial Services Authority (FSA) has set up a reporting system designed to reduce the level of financial crime in the insurance industry. Under the new system insurance firms and intermediaries are being called on to inform the FSA when they suspect criminal behaviour, so that the FSA can decide whether to investigate further. ......

Feb 2007

• 28/02/07 Issue No 32 - 28/02/07
  On 28 February 2007, Economic Secretary to the Treasury, Ed Balls, and Home Office Minister, Tony McNulty, launched the Government's strategy to combat money laundering and the financing of terrorism. ......

Jan 2007

• 30/01/07 Issue No 31 - 30/01/07
  On 22 January 2007 HM Treasury published the draft money laundering regulations for consultation, alongside Economic Secretary, Ed Balls’ speech at the Financial Services Authority (FSA) Financial Crime Conference. ......