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CPS convicts construction industry fraudsters for a £22m scam for evading VAT and Construction Industry Scheme contributions, defrauding taxpayers and HMRC

by Jyotsna Bucktowar | Feb 4, 2025

Seven individuals connected to a construction company were sentenced on 4 February 2025 for their roles in a £22 million fraud against taxpayers. The group, including lead conspirators Daniel Newton, Philip Bailey, and Sean Dean, created fake payroll companies to...

Nigeria’s EFCC seizes over 750 properties in a massive housing estate in Abuja, marking its largest-ever asset recovery

by Jyotsna Bucktowar | Dec 13, 2024

Nigeria’s Economic and Financial Crimes Commission has seized over 750 properties in a massive housing estate in Abuja, marking its largest-ever asset recovery. The luxurious homes and land are alleged to belong to a former senior government official and were...

Open Secrets investigates South Africa’s property laundromat in new report

by AdrianaAMLP | Nov 14, 2024

This multi-year investigation exposes how politically connected elites from other African nations use South African real estate to conceal the proceeds of grand corruption, facilitated by local professionals. Lawyers and real estate agents, as detailed in this report,...

SRA releases its latest AML Annual Report 2023-24, showing increased regulatory action against firms

by AdrianaAMLP | Nov 5, 2024

Report shows that in 2023/24 the Solicitors Regulatory Authority (SRA) took regulatory action against firms in relation to anti-money laundering breaches in 78 cases – an increase on the previous year (47). In more than half of the cases, the most common...

Bloomberg: Australian AML rules are set to focus on advisory roles

by Jyotsna Bucktowar | Sep 9, 2024

Australia’s new AML reforms will target lawyers, accountants, real estate agents and other advisers, addressing gaps in regulating “tranche-two” entities involved with criminal syndicates. Attorney General highlighted that these updates are part of...
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