Bright Line Law News

Latest news & updates from Bright Line Law.

Money Laundering: Retrospective Application

Can you commit a money laundering offence if the predicate offence was not criminal at the time of its commission? In this case note, Natasha Reurts provides an overview of a recent decision of the High Court of Karnataka dealing with the retrospective application of the Indian Prevention of...
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Anita Clifford considers new AML info sharing regime in the Money Laundering Bulletin

A new framework in the Proceeds of Crime Act 2002 aims to foster information sharing in the UK regulated sector. Elsewhere, the world’s first private / public partnership to combat money laundering has been launched in Australia.  Anita Clifford considers these developments and the challenges that could arise as...
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Money Laundering Shake-up - Spotlight on Australia

The first of two part awareness update outlining financial crime law reform in Australia. Following the news of Commonwealth Bank of Australia’s money laundering scandal, Natasha Reurts provides an overview of the money laundering regulatory shake-ups currently underway in Australia. Read the full BLL post here. 
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Money Laundering: Information Sharing and the Extended Moratorium Period

The White Collar Crime Centre has today published a collection of Briefing Papers examining the Criminal Finances Act 2017 amendments to the anti-money laundering suspicious reporting regime in Part 7 of the Proceeds of Crime Act 2002. The three Briefing Papers provide points for further consideration and draw out...
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Virtual Currencies, Crowdfunding and the Money Laundering and Terrorist Financing Risk

Natasha Reurts provides an overview of a European Commission report published in late June 2017 on the assessment of money laundering and terrorist financing risks for virtual currencies and crowdfunding platforms, and queries whether there is a sufficient basis for greater regulation in this area. Read the full BLL...
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The White Collar Centre