Source: https://www.redlionchambers.co.uk/fraud-newsletters/fraud-newsletter-42-april-2020/
Timestamp: 2020-07-08 13:57:51
Document Index: 769964094

Matched Legal Cases: ['EWCA ', 'EWCA ', 'EWCA ', 'EWCA ', 'EWCA ', 'EWCA ']

Fraud Newsletter 42 - April 2020
Fraud Newsletter: 42
Fraud Newsletter No.42 April 2020	(29 downloads)
Admission of co-defendant’s plea in closed conspiracy: restatement of principles: Horne [2020] EWCA Crim 487
Conspiracy: a useful restatement of some basic
principles: Johnson & Ors [2020] EWCA 482.
Ivey affirmed and applicable to conspiracy to defraud: Barton and Booth [2020] EWCA Crim 575 (a special 7 judge Court). . Note: if the means or objective is civilly, albeit not criminally unlawful, a jury who thinks what was agreed was dishonest can now convict despite the conspirators’ correct assertion and belief that what they intended did not amount to a substantive criminal offence. The court recognised that a number of issues usefully summarised by Professor David Ormerod and Karl Laird (UK SC Yearbook 2018 Vol 9 pp 1-24) still need to be addressed as cases are tried: Barton para 109.
UWO’s overturned on appeal: mere use of complex offshore structures is not without more sufficient to infer money laundering as lawful reasons can exist e.g. privacy, security and tax mitigation: NCA v Baker [2020] EWHC 822 (Admin). The NCA are appealing: 8 Apr 20: NCA Press release.
Ghafoor [2019] EWCA Crim 184 [2020] 1 Cr.App.R.(S) 48: 4 years 11 month upheld for laundering 5 transactions worth £550k. Trial sentence based on 6 transactions/ £650k – made little difference. Still Cat 3. And not manifestly excessive.
Dines and Others: [2020] EWCA 552: a pattegiamento (agreed disposal of a criminal case) is a conviction under Italian law and under POCA 20(02 (External Requests and Orders) Order 2005, Article 21(2) and subsequent confiscation orders may be enforced here.
Confiscation: Tainted Gift includes monies transferred from a joint account monies by a wife into her own account as the transfer was without consideration: Thakor [2020] EWCA Crim 541 (Westlaw).
Certificate of Inadequacy granted where equity in only remaining unrealised asset fell far short of balance due: D warned of need to improve evidence when seeking variation before Crown Court: Ojebode [2020] EWHC 923 (Admin).
Corruption could cost lives in Latin America’s response to the Coronavirus: Transparency International: 31 Mar 20 pointing out emergency measures are bypassing the usual checks and balances causing serious corruption risks and setting out Public Procurement during States of Emergency: Minimum requirements to ensure the integrity of Contracts awarded during crises.
Coronavirus: changes to insolvency rules to help businesses: HoC Library Briefing Paper No. 8877, 31 Mar 20 – temporary suspension of wrongful trading under s214 Insolvency Act 1986 (to be retrospective as from 1 March 20) as per Chancellor’s statement of 25 Mar 20.
Covid-19 and preventing Money Laundering/ Terrorist Financing in Legal Practices: LSAG 15 Apr 20.
COVID-19: A perfect storm for the corrupt? 22 Apr 20 Transparency International
FCA’s Business Plan 2020/21: 9 Apr 20.
Forensic science providers: Codes of practice and
Conduct, 2020: Forensic Science Regulator: FSR-C 100 Issue 5: 22 Apr 20 replacing 2017 Codes.
NCA: National Plan 2020-21: 7 Apr 20
NCA: National Strategic Assessment of Serious and Organised Crime 2020: 3 Apr 20. Cyber crime, Fraud, Money Laundering and Corruption: pp 44-59.
Panama Papers Four Years On: Anonymous Companies and Global Wealth: Transparency International: 9 Apr 20.
Pandemic Profiteering: how criminals exploit the Covid-19 crisis: 27 Mar 20: Europol
The Wolfsberg Group CBDDQ (Correspondence Banking Due Diligence Questionnaire) is being updated: WG 17 Apr 20.
Standard Chartered fined £20.47m for violating Russian Sanctions: the highest penalty imposed to date by the UK’s Office of Financial Sanctions Implementation (OFSI): 2 Apr 20. OFSI Report.
Patchy Progress in setting up Beneficial Ownership Registers in the EU: Global Witness: 20 Mar 20.
Tesco’s DPA (10 April 17) fulfilled and now discontinued: SFO Press release: 10 Apr 20.
Wrongful Trading: temporary suspension of wrongful trading under s214 Insolvency Act 1986 to be retrospective as from 1 March 2020: Chancellor’s statement: 25 Mar 20.
DoJ’s first enforcement action against COVID-19 fraud: false COVID-19 vaccine kits offered for internet sale: 22 Mar 20
DoJ’s COVID-19 Hoarding and Price Gouging Task Force seize PPE including 192k N95 respirator masks: 2 Apr 20.
Transparency International letter to IMF 8 Apr 20, requesting IMF maintain its commitments to stem corruption in respect of its emergency £1trillion COVID-19 relief funding.