Kathryn Westmore

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Articles

A New Frontier: Organised Immigration Crime and UK Sanctions

Jan 21, 2025 | rusi.org | Tom Keatinge |Kathryn Westmore

Tom Keatinge and Kathryn Westmore7 Minute ReadThe UK government has announced a new sanctions regime targeting organised immigration crime. How does it ensure these new sanctions have teeth?
Operation Destabilise: Russia, Organised Crime and Illicit Finance

Dec 6, 2024 | rusi.org | Jamie MacColl |Kathryn Westmore

A Russian-speaking money laundering network uncovered by the UK’s National Crime Agency shows the clear links between organised crime, sanctions evasion and hostile state activity. You would be forgiven for thinking that this week’s news from the National Crime Agency (NCA) of the multi-billion-dollar Russian-speaking money-laundering network that it has broken up is actually the script for a new Netflix drama. It has all the makings of a blockbuster.
I Know it When I See it: Effective Anti-Money Laundering Supervision

Sep 20, 2024 | rusi.org | Kathryn Westmore

Kathryn Westmore7 Minute ReadThe Financial Action Task Force has changed the way in which it assesses the effectiveness of anti-money laundering supervision. Will this drive better supervisory outcomes in the UK? Effectiveness is a word that is flung around by many in the financial crime community, but it remains a somewhat vague and nebulous concept. To paraphrase a quote from the US Supreme Court, do we just know it when we see it?
Anti-Money Laundering and Professional Service Providers: Conference report

Jul 10, 2024 | rusi.org | Kathryn Westmore |Maria Nizzero

Three workshops explored the role of anti-money laundering regulation, supervision and enforcement activity in preventing, detecting and punishing ‘enabling’ behaviour and incentivising good practices. OverviewRecent years have seen an increased global focus on the role of professional service providers – notably lawyers and accountants – as ‘enablers’ of financial crime, including money laundering, sanctions evasion and corruption.
Unpacking The FCA's Approach To AML Compliance Failures

Mar 25, 2024 | law360.com | Kathryn Westmore

ADVERTISEMENT Don't want ads? Subscribe or login now. By Kathryn Westmore (March 25, 2024, 2:24 PM GMT) -- With the news of yet another bank under investigation by the Financial Conduct Authority for potential breaches of anti-money laundering regulations, what are banks getting wrong? And what is the FCA doing about it?...
Money Laundering in Football: The Not So Beautiful Game?

Jan 25, 2024 | rusi.org | Kathryn Westmore

The EU’s new rules will require in-scope clubs and agents to assess their AML risks and put in place mitigating procedures, including Customer Due Diligence (CDD) and ongoing monitoring, as well as obliging them report suspicious transactions. While it remains to be seen exactly how these requirements will be implemented both by clubs and by member states, the EU is clearly hoping to shore up the defences of European football.
Fraud: The Emergence of a UK Epidemic

Nov 16, 2023 | rusi.org | Kathryn Westmore

Fraud was once something that happened to other people. Over the last 10 years, it has become the crime that an individual is most likely to experience in the UK, accounting for over 40% of all crime. Today, members of the public are bombarded on a daily basis by scam texts, phishing emails, spoofed calls and fake adverts on social media, all designed to trick them out of their money.
Without Statutory Oversight, the UK’s Progress on Economic Crime Will Fail

Oct 18, 2023 | rusi.org | Tom Keatinge |Kathryn Westmore

Tom Keatinge and Kathryn Westmore5 Minute ReadAs the government calls for improvements in private sector supervision, it must also improve its own scrutiny. Here’s how. Before the summer, the UK Treasury dropped a holiday project in the laps of all those that care about the country’s lagging response to economic crime.
Unpacking The Govt.'s Definition Of 'Professional Enablers'

Sep 25, 2023 | law360.com | Kathryn Westmore

ADVERTISEMENT Don't want ads? Subscribe or login now. By Kathryn Westmore (September 25, 2023, 5:50 PM BST) -- The launch of a new task force to tackle immigration crime gives us some hints about how the U.K. government intends to tackle the thorny question of so-called enablers....
UK’s new Fraud Strategy: more ambition needed

May 17, 2023 | solicitorsjournal.com | Kathryn Westmore

Kathryn Westmore provides her views on the UK’s much-delayed Fraud StrategyIt is no secret that fraud has surged over the last few years. Increased digitalisation, the introduction of faster payments and, of course, the pandemic have combined to create a perfect storm.