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5 Results from "Thomas Cattee"

What can compliance professionals learn from HM Treasury’s latest AML/CFT review?
Thomas Cattee

Thomas Cattee Solicitor at Gherson

What can compliance professionals learn from HM Treasury’s latest AML/CFT review?

Background On 24 June 2022, HM Treasury published its “Review of the UK’s AML/CFT regulatory and supervisory regime” (the “Review”). This article will provide some initial observations from the Review, before delving into the some of the detail and extracting some points of interest and key learning points, with a particular focus on new technolog...

/security

Tech and Crime Series: Cryptoassets and financial crime Part II
Thomas Cattee

Thomas Cattee Solicitor at Gherson

Tech and Crime Series: Cryptoassets and financial crime Part II

This article follows a 7 April 2021 article titled: Tech and Crime Series: Cryptoassets and financial crime Part I. On 1 June 2022, the US Department of Justice (DoJ) announced that a former employee of a non-fungible token (NFT) marketplace, OpenSea, had been charged in the first ever digital asset insider trading scheme. As the associated press ...

/crime

Tech & Crime Series: Is it time for a bespoke UK crypto-regulation regime?
Thomas Cattee

Thomas Cattee Solicitor at Gherson

Tech & Crime Series: Is it time for a bespoke UK crypto-regulation regime?

In the UK, cryptoasset related activities are rightly being increasingly regulated for anti-money laundering (“AML”) and financial crime reporting purposes. However, except where cryptoassets crossover into certain other regulated areas, there is currently no specific wider regulatory framework. As such it has been recognised that they may not be ...

/regulation

Tech and Crime Series: Has the FCA bitten off more than it can chew with its NatWest Prosecution?
Thomas Cattee

Thomas Cattee Solicitor at Gherson

Tech and Crime Series: Has the FCA bitten off more than it can chew with its NatWest Prosecution?

News broke on Tuesday 16 March 2021 that the Financial Conduct Authority (the “FCA”) has started criminal proceedings against NatWest Bank (“NatWest”) for alleged offences relating to the adequacy of procedures in place to prevent money laundering. These proceedings are in respect of offences under the Money Laundering Regulations 2007 (the “200...

/crime

Tech and Crime Series: Cryptoassets and financial crime
Thomas Cattee

Thomas Cattee Solicitor at Gherson

Tech and Crime Series: Cryptoassets and financial crime

News broke on 6 March 2021 that John McAfee (“McAfee”) has been charged in the US with conspiracy to commit fraud and money-laundering. This is in relation to his alleged involvement in a cryptocurrency scheme. The indictment states that “McAfee’s so called-cryptocurrency team (the “McAfee Team”), perpetrated two fraudulent schemes relating to th...

/crime

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