UK sets out overseas compensation framework
Britain’s Crown Prosecution Service (CPS), National Crime Agency (NCA) and Serious Fraud Office (SFO) have agreed a framework to speed up compensation claims from overseas victims of economic crime.
Legal
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Embattled Aussie insurer AMP facing five lawsuits
AMP will have the dubious honour of becoming the first Australian firm to simultaneously face five class actions if three more law firms made good on plans to sue the embattled insurance company.
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Old Mutual Int’l to sue over structured product commission
Old Mutual International is taking legal action against Swiss-headquartered Leonteq Securities relating to false statements about the levels of commission paid to advisers on structured products, International Adviser can reveal.
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Aberdeen Standard Investments sues Provident Financial
Provident Financial is embroiled in a legal battle with Aberdeen Standard Investments, one of its largest investors, over an FCA probe into its troubled credit card unit Vanquis Bank.
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Disgraced adviser admits perverting course of justice
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has admitted perverting the course of justice.
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How the world’s largest police force tackles financial crime
Legal systems designed to make extradition of criminals possible across borders could be open to abuse by those with financial disputes.
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Convoy set for triple whammy court hearing
Hong Kong’s High Court has ruled that three separate legal cases against beleaguered investment company Convoy Global should be heard together and has set a court date of 6 March.
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Scots ignorant of international privilege
Unmarried Scots, even those who have lived abroad for long periods, have a right to raise a claim to a partner’s estate in the event of separation.
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Ex-StanChart Private Bank head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
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Police officer sacked for investment fraud
A London police officer has been convicted of investment fraud and dismissed by the Metropolitan Police Service for gross misconduct.
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Man arrested amid police and FCA probe into wealth firm
A boutique UK home counties wealth manager has become the focus of a joint investigation by the City of London Police and Financial Conduct Authority (FCA).
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Police warn on equestrian fraud
Horse racing enthusiasts have been warned to be on the outlook for potential investment fraud in the equestrian community by Action Fraud.