Small law firms are let off from economic crime tax September 23, 2021 Small law firms have escaped the UK government’s Economic Crime Levy, aimed at raising £100m annually from anti-money laundering (AML) regulated organisations, to help pay for the fight against economic crime. Instead, AML-regulated organisations, including legal practices, banks and accountancy firms, with revenues above £10.2m will be subject to the new tax. The Economic Crime [...]
Civil investigations by HMRC fell during lockdown August 28, 2021 HMRC civil investigations into suspected tax evasion have fallen during the pandemic compared to pre-pandemic levels, according to FOI data obtained by national accountancy group UHY Hacker Young. The organisation said HMRC opened 278 civil investigations into suspected tax evasion during the first ten months of the pandemic, between 1 April 2020 to 31 January [...]
Global anti-money laundering fines surge as regulators dole out tougher penalties August 23, 2021 Global anti-money laundering (AML) fines at banks and financial services firms soared to $2.2bn (£1.6bn) last year, fives times higher than in 2019, as regulators have stuck to tougher lines on the industry, according to reports. In its latest review Kroll, a governance and risk consultancy, found that watchdogs levied almost $1bn of AML fines in [...]
Plymouth shooting: Killer had shotgun license returned by police weeks before attack August 14, 2021 The UK’s police watchdog has launched a probe into why the man who shot dead five people in Plymouth on Thursday had his confiscated gun and permit returned by police just weeks before the attack. Jake Davison, 22, shot his mother Maxine Davison and four members of the public – including a three-year-old girl Sophie [...]
Knife murder parents plead with killers July 7, 2008 The parents of one of the two French students murdered in London a week ago in a frenzied knife attack appealed yesterday for the killer to come forward and said they would not rest until the guilty party was found. Bio-engineering students Laurent Bonomo and Gabriel Ferez, both 23, were bound, gagged and repeatedly stabbed [...]
Police arrest 1,200 in knife crackdown July 3, 2008 Police have arrested 1,214 people in London during a six-week crackdown on knife crime, Scotland Yard said yesterday. Officers found 528 knives after conducting nearly 27,000 searches during Operation Blunt 2, launched after Boris Johnson was elected London Mayor in May pledging to tackle knife crime in the capital. Metropolitan Police Commissioner Ian Blair announced [...]