Money Laundering

Stephen Fox is the Money Laundering Officer within the firm and Head of Corporate Crime.

We are currently instructed in a number of major enquiries into alleged money laundering including allegations against professional advisors.

When you are asked for a copy of your passport and utility bills this is because of the money laundering regulations by which many sections of the community including solicitors are regulated.  Depending upon the nature of your enterprise, different regulations will apply so far as reporting suspicious activity is concerned.  But, beware that if you are or become involved with criminals trying to make money or other assets look legitimate you can find yourself in danger of being sentenced to a very long term of imprisonment.

Professionals including financial advisors, accountants, solicitors and companies which receive or pay out cash such as banks, casinos, clubs etc are particularly vulerable to criminals operating in this area.

Money laundering has developed into an extremely sophisticated enterprise run by highly intelligent fraudsters with an impressive understanding as to the internal workings of many sectors of the business community.