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Cleaning up on dirty money

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Published on: 28 October 2014

Published by a LexisNexis Corporate Crime expert

Table of contents

Original news
What has this investigation said to have uncovered?
Has the UK’s corporate rules structure made it a target for international money laundering?
This investigation has raised concerns around legitimate businesses—schools, estate agents etc—being used for money laundering. What obligations are regular businesses under in relation to money laundering/investigating the source of money?
How should lawyers be advising businesses who could conceivably receive tainted money?

Article summary

Corporate Crime analysis: Are allegations that UK businesses are being targeted by money launderers putting the UK’s reputation at risk? Joseph Kotrie-Monson, managing solicitor in the fraud department at Mary Monson Solicitors, discusses the recent revelations and the actions that need to be taken to protect businesses in the UK.

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