Fraud and Financial Crime

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Hill Dickinson is a limited liability partnership
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Fraud and Financial Crimeby Edward de la
BilliereHead of Financial Investigations,
Manchester and London
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What a MLR regulator likes to see

• Risk Based Approach
• Compliance culture
• AML policy
• Records of training
• Content of training

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Recent Developments

• Principal Money Laundering Offences Knowledge of
  whether proceeds of crime or not.
• SFO Investigations Balfour Beatty
• Restraint Orders SFO v- Lexi Holdings

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Counter-Terrorist Financing

• Al-Qaeda and Taliban Order 2006
• Article 7 deal with funds or economic resources
  of a designated person
• Article 8 making funds available to designated
  person
• Article 10 participating in an event to
  circumvent a prohibition, or enable the
  commission of an offence under article 7 8.
• Licence from HM Treasury
• Offence if failed to report knowledge or
  suspicion
• Need to dispel all suspicions how?

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Recession

• How do you get your money back?
• What impact on an internal investigation?

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• Edward de la Billiere 50 Fountain Street
• Head of Financial Investigations Manchester
• Direct 44 (0)161 235 7530 M2 2AS
• Mobile [phone] Tel [phone]
• edward.delabilliere_at_hilldickinson.com Fax 44
  (0)161 817 7201
• Irongate House
• Dukes Place
• London
• EC3A 7HX
• Tel [phone] Fax 44 (0)20
  7283 1144