A recent English court ruling has shed light on the approach of UK enforcement authorities to the question of money laundering risks where there is potential forced labour / modern slavery in a supply chain. The ruling will...more
2/22/2023
/ Due Diligence ,
Forced Labor ,
Human Rights ,
Human Trafficking ,
International Criminal Court ,
Modern Slavery Act ,
Money Laundering ,
National Crime Agency (NCA) ,
NGOs ,
Proceeds of Crime Act 2002 (POCA) ,
Supply Chain ,
UK ,
Uyghur Forced Labor Prevention Act (UFLPA)
Reputational concerns and the growing focus of financial regulators on money laundering and counter-terrorist financing (CTF) are starting to have an impact on how non-regulated sectors of the economy view and address these...more
Lonsdale v National Westminster Bank [2018] EWHC 1843 (QB) (18 July 2018) -
A bank was ordered to disclose, to a customer, suspicious activity reports (SARs) that the bank had sent to the National Crime Agency (NCA) at the...more
Lonsdale v National Westminster Bank [2018] EWHC 1843 (QB) (18 July 2018) -
A bank was ordered to disclose, to a customer, suspicious activity reports (SARs) that the bank had sent to the National Crime Agency (NCA) at the...more