Financial Crime Risk and Compliance Case Studies – Criminal Cases

Identify suspicious conduct with real case studies and commentary. More than stories. Money laundering, terrorist financing, fraud, corruption, human trafficking… everything financial crime related. Summaries and analysis of judgments.

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About this resource

Financial Crime Case Studies isn't really a course - it's more like a book that is added to as time goes by.

It's analysis and comments on concluded cases from all over the world and all over the financial crime spectrum. 

Wherever possible, we go to the judgments, even the indictments. In this way, we get closer to the thinking of the judges and the actual allegations, not the PR hyperbole, or a reporter's interpretation, of the case.

It's a growing, living thing - with cases added without charge to you during your subscription period which, of course, you can renew.

Many of the cases in this course are referred to in our other courses and so this course is both a resource on its own and a "companion volume" to your training and education.

Course level: Not applicable

Language: English

Test: No

Course award Certificate: Yes

Access to course: unlimited for 12 months; auto-termination at 12 months.

Return to previous pages: Yes

Course certificate validity: one year from the date of completion of the course

Portable CPD (TM) hours (where recognised): 5 hours

Price (individual): shown above includes UK VAT where applicable.

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  1. 1
    • Caveat and Legal

    • Status of this Resource

    • Pre-requisite

    • Resource information

  2. 2
    • Criminally Derived Assets: freezing, confiscation, forefeiture and restitution.

    • Philipines AMLC secures large confiscation

    • Olabinjo v Westminster Magistrates' Court and the Crown Prosecution Service - UK - 2020 - Confiscation - does "prison in default" mean what it says?

    • Drugs and money found in separate places in one house: associating the two.

  3. 3
    • About Bank Fraud

    • Bank manager created fraudulent commission arrangement

  4. 4
    • About Benefits Fraud

    • Benefits fraudster is not jailed.

    • Claiming benefit whilst employed (Intensive Correction Order - AUS)

  5. 5
    • About Computer Crime

    • Serious sentences for running fraud using fake government websites

    • Nine months' jail for phishing, hacking and identity fraud.

    • Jail for destroying mobile phones containing evidence in WhatsApp etc. apps.

    • Inside job: employee deliberately deleted data from company's computers

    • IT specialist jailed for hacking his former employer

  6. 6
    • About Consumer Fraud

    • Using companies as vehicles for fraud - six years jail - confiscation - failure.

    • Purchase and buy-back scheme operator fined for consumer credit offences

    • Intra-community crime puts immigration consultant in jail

    • Jail for banker who sold fraudulent mortgages to vulnerable customers

    • "Diet" soft drinks isn't a fraudulent description - Carlill v Carbolic Smoke Ball revisited - suspicion

    • Global financial crisis scammer jailed after six years

  7. 7
    • About Consumer Fraud - Snippets

    • Consumer Fraud - Snippets - 1

  8. 8
    • About Corporate Fraud

    • Bank CEO jailed for making a wide range of false statements to regulators, etc.

  9. 9
    • About corruption including bribery and plunder and abuse of authority / position by those in public office

    • Diplomats ordered to repay corrupt payments

    • Driving licence agency staff took bribes to issue licences to unqualified drivers

    • Mayor took bribes from contractor

    • Jail for "sophisticated corruption."

    • Seimens and global corruption

    • Korean civil servant convicted in USA

    • Government official offered contract in return for kickbacks and the promise of a revolving door job.

    • Police officer accessed confidential records and used that information for profit.

    • Bribery, smuggling and money laundering - but it's OK because you've been a Customs Officer and a Policewoman and it's your first offence.

  10. 10
    • About counterfeit and brand fraud

    • USA v BECERRA, LI, LA MARCA & VOLPE , 2019, Counterfeit Apple and Sony products

    • Counterfeit currency : "I needed money for a wedding.

  11. 11
    • About Eco-crime

    • Illegal slaughterhouse; illegal sales of meat, contaminated waterways, profits laundered

  12. 12
    • About Embezzlement

    • Accountant jailed for six years for embezzling millions from celebrity clients

    • Director of public company embezzled AUD8.6 million

    • Office manager embezzled USD300,000

  13. 13
    • About Fiduciary Fraud

    • Lawyer stole from clients: 14 years' jail

    • Liquidator convicted of fraud

    • Jail for financial adviser who misappropriated clients' funds

    • The sentencing of "an autocratic, dictatorial, greedy, corrupt, and manipulative man" and his accomplices

  14. 14
    • About fraud on vulnerable and eldery persons

    • How does one conclude that someone is dishonest?

    • TV star jailed for 6 1/2 years for offences against elderly persons US v Jennifer Shah

  15. 15
    • Australia: when being in possession of money is going equipped to commit a crime.

    • About funding future crime

  16. 16
    • About Healthcare / Medicare Fraud

    • 243 doctors, nurses and others in various conspiracies to defraud

    • Five years for multi-million dollar healthcare fraud

    • Clinic owner conspired to defraud US Medicare of USD4.5 million

    • Doctor and associates guilty of medicare fraud

  17. 17
    • About Human Trafficking / Modern Slavery / Exploitation

    • Brazen pimpette convicted

    • Child pornography, abuse of a minor,

    • Trafficking in humans for organs - from Lagos to London - the Senator's Daughter.

  18. 18
    • About Identity Fraud

    • R v Richards - UK - 2020 - Appeal

  19. 19
    • Insolvency offences

    • Four years for repossessions fraud that netted USD3 million.

    • Convictions for "phoenix" companies and fraudulent transfer of assets before insolvency proceedings

    • Money laundering conviction for insolvency offences by adviser

  20. 20
    • About Insurance Fraud

    • Court orders fake "crash for cash" law firm to pay damages

    • Insurer wins private prosecution against amazingly stupid fraudster.

    • Man killed family to collect insurance - sentenced to more than 200 years' jail for fraud etc.

  21. 21
    • About intellectual property crime including counterfeit currency and documents

    • Jail for producing counterfeit degrees and more

    • Some people never learn - second conviction for passing counterfeit currency

  22. 22
    • About investment fraud

    • The Love Rat and fraudulent soliciting of investments

  23. 23
    • About Kidnap and Ransom

    • Jail for laundering proceeds of kidnapping

  24. 24
    • About Money Laundering.

    • Fake Pharma : company directors jailed, ordered to forfeit proceeds of sale and credit card fraud

    • Lawyer convicted of money laundering, interfering with witnesses and obstructing proceedings. Fees paid with tainted money.

    • Prosecutors argued that the fact of a police investigation should have made a solicitor suspicious

    • New Zealand remittance agent convicted

    • Money laundering conviction following fraud

    • Bank Hapoalim pays off US government to avoid prosecution for laundering "tens of millions of dollars"

    • United States v Benjamin Barry KRAMER, the GILBERTS and related cases 1996 - "money laundering is not a continuing offence."

  25. 25
    • About The Story: Sun, sand and sex - and drugs and guns.

    • Miami Voce (it's Latin, not a misprint)

  26. 26
    • About the biggest little bank you've never heard of....

    • 1. Venerable is vulnerable.

    • 2. How a tiny bank got up the noses of US Federal Investigators. And offshore regulators.

    • 3. How Drexex Burnham Lambert's moral hazard claim exposed the underside of its relationship with its bankers.

    • 4. Before Milken, et al, there were Kelley, Hagen and Schuck.

    • 5. How the bank took an active part in the Drexel Burnam Lambert scandal. 1

    • 6. How the bank took an active part in the Drexel Burnam Lambert scandal. 2

    • 7. How the bank took an active part in the Drexel Burnam Lambert scandal. 3

    • 1993 Wilful Blindness, extra-territorial jurisdiction, structuring, suspicion, bank secrecy.

    • 8. How international movement of proceeds is tied to the US conviction of the bank.

    • 9. The Inland Revenue Service and the Drugs Enforcement Agency zoom in on a Swiss bank, outside Switzerland.

    • 10. The Information 1

    • 11. The Information 2

    • 12. The Information 3

    • 13. The Statement of Agreed Facts 1

    • 14. The Statement of Agreed Facts 2

    • 15. The Statement of Agreed Facts 3

    • 16. It ain't over until its over

    • 17. The last gaff. Maybe.

  27. 27
    • About Ponzi / Pyramid Frauds.

    • It's difficult to count how many laws this scam artist broke: even prosecutors seem to have chosen selectively

    • Property investment fraud nets 6.5 years in jail.

    • 5 years, 3 months for lawyer who defrauded clients of USD8 million

    • Fraud as an example of intra-community crime

    • Accountant and wife jailed for investment fraud

    • The accountant and the Ponzi scheme

  28. 28
    • About sanctions

    • Walnut Man sentenced to nearly four years in federal prison

  29. 29
    • About Securities Fraud

    • Confiscation order for full amounts of fake-gold fraud

    • 350 hours of community service for abuse of position

    • Commodities: unauthorised futures trading results in 300 months' jail and USD240 million penalties and restitution

  30. 30
    • About Tax Fraud / Evasion

    • Bank's consultant jailed for money laundering

    • Australian Tax Office's big day: the largest (so far) tax fraud case in the country

    • Accountant jailed for international tax fraud

    • Jail for failing to report taxable income received from illegal enterprise

    • "I'm frightened of jail," tax money launderer tells judge.

    • "Tax Defier" ran complex evasion schemes for almost 20 years

  31. 31
    • About Terrorist Support

    • Uzbek national convicted in US of providing material support to proscribed organisation

  32. 32
    • About Uncategorised Financial or Economic Crime

    • Jail for interbank rate fixing - and a piggy bank stuffed with GBP50m to come home to.

    • The man who coerced prostitutes into having sex with him

    • Customs officer jailed for stealing from international mail

  33. 33
    • About Regulatory Failings - Criminal Prosecution

    • R v National Westminster Bank 2021 - 1

    • R v National Westminster Bank 2021 - 2 - The novelty of the case.

    • R v National Westminster Bank 2021 - 3 - Background to relevant Law and Regulation

    • R v National Westminster Bank 2021 - 4 - The Case

    • R v National Westminster Bank 2021 - 5 - The Customer

    • R v National Westminster Bank 2021 - 6 - The bank’s internal risk and compliance policies and procedures.

    • R v National Westminster Bank 2021 - 7 - ″Compliance is job one. ″

    • R v National Westminster Bank 2021 - 8 - Selective facts

    • R v National Westminster Bank 2021 - 9 - Bags of money

    • R v National Westminster Bank 2021 -10 - What this means for money laundering systems and controls.

    • R v National Westminster Bank 2021 -11 - The critical human failure

    • R v National Westminster Bank 2021 -12 - The critical failure in an automated system.

    • R v National Westminster Bank 2021 -13 - Lessons to learn (1)

    • R v National Westminster Bank 2021 -14 - Details of failure

    • R v National Westminster Bank 2021 -15 - Stockholm Syndrome and Cockpit Etiquette.

    • R v National Westminster Bank 2021 -16 - List of other failures

    • R v National Westminster Bank 2021 -17 - The third count

    • R v National Westminster Bank 2021 -18 - Context

    • R v National Westminster Bank 2021 -19 - Reputational Risk

    • R v National Westminster Bank 2021 -20 -The bank’s money laundering risk and compliance structure.

    • R v National Westminster Bank 2021 - 21 - An extraordinarily unsophisticated laundering scheme

    • R v National Westminster Bank 2021 - 22 - A cascade of failures

    • R v National Westminster Bank 2021 - 23 - THE LAW IS THE LAW

    • R v National Westminster Bank 2021 - 24 - Lessons to learn (2)

    • R v National Westminster Bank 2021 - 25 - Origins of the account.

    • R v National Westminster Bank 2021 - 26 - Examples of poor decision making

    • R v National Westminster Bank 2021 - 27 - Stages of review

    • R v National Westminster Bank 2021 - 28 - Point to consider.


Licence: individual cases may be printed and used as speaker's notes for internal training purposes only. Case studies may not, under any circumstances, be republished and/or distributed in hard copy or electronic format. Case Studies are not permitted to be  used by any third-party training provider or any external training provider providing in-house training or publicly accessible training howsoever delivered. For the purposes of this licence, the term "training" includes any education, training, seminar, conference or any other presentation regardless of medium which includes any of the restricted material. This is proprietary information and is therefore expressly excluded from any so-called " fair use" under any intellectual property law.