Tax Evasion and Unexplained Wealth in the United Kingdom
ABSTRACT In the year 2020, there was a 51% drop in the volume of tax fraud cases in the UK. Tax evasion by high-income people is notoriously difficult to measure due to the many ways in which they can evade tax payment, either from unreported offshore accounts to partnerships and corporations and their many businesses […]
Whistle-blowing Policy in South Africa
South Africa’s transition to democratic rule has been characterized by high crime levels, including widespread corruption. In response to this challenge and to engender transparency, a legal framework was established under which the whistle-blowing policy was introduced. The legislations which contain provisions for the protection of whistleblowers in South Africa include: The Constitution of the […]
Whistling at the Fake – Poster Competition
Whistling at the Fake (www.whistlingatthefake.com), which is a research project funded by NATO, managed by The Manchester Metropolitan University, and supported by several academic institutions including Boston College Law School, the Università degli Studi di Padova, and Tilburg University as well as a group of internationally renowned Impact Partners, has just launched an open call […]
A Review of the Amendments to the Proceeds from Crime and Anti-Money Laundering Acts Kenya: Implication for Lawyers as Reporting Agents
Abstract The Proceeds of Crime and Anti-money Laundering Bill (the “Bill”) gazetted on 03 September 2021 seeks to amend the current Proceeds of Crime and Anti-money Laundering Act, 2009 (the “Act”). The Bill seeks to strengthen the current legislation around money laundering in the country by widening the scope of reporting requirements, addressing loopholes that […]
AML: Lawyers as Gatekeepers?
Recap of GSDEC’s webinar held on October 28, 2021, titled “AML: Lawyers as Gatekeepers?”, addressing the pivotal role of legal professionals in combating money laundering across different jurisdictions.
Emerging Financial Crime Trends in Money Transfer: Shells/Money Mules/Smurfing
Abstract With the advancement of technology, money launderers seem one step ahead of financial authorities with their daily innovations on ways to circumvent the law. They use smurfs, mules, and shells to place, layer, and integrate their ill-gotten money into the financial system. This article shall briefly discuss these means. Introduction Money launderers typically […]
Whistleblowing Policy in South Africa
South Africa’s transition to democratic rule has been characterized by high levels of crime, including wide-spread corruption. In response to this challenge and to engender transparency, a legal framework was established under which the whistle blowing policy was introduced. The legislations which contain provisions for the protection of whistleblowers in South Africa include: The Constitution […]
Unexplained Wealth in Kenya
Abstract According to a British Law Firm, Mishcon de Reya, the requirements for obtaining an Unexplained Wealth Order “UWO” stipulates that “there are reasonable grounds to suspect that the known sources or the respondents’ lawfully obtained income would have been insufficient for the purposes of enabling them obtain the property”. UWOs provide an opportunity for […]
The Legal Framework for Anti-Money Laundering In Ghana
Abstract Ghana was recently placed on the FATF grey list due to some deficiencies identified in the country’s Anti-Money Laundering regime during its second Round of Mutual Evaluation Report. However, Ghana continues to make progress strengthening its AML/CFT laws in line with international standards and is working to implement its AML/CFT regime across all sectors […]