The British International Freight Association on 6th September reported the reappearance of an old scam. The fraudsters get details from Statements of Affairs/Lists of Creditors filed at Companies House and then contact the mark suggesting that due to a supposed breach of certain sections of the Insolvency Act 1986, as a creditor he/she can pursue the directors personally. This, it says, is nonsense – the only person who can take any action (an extremely rare course) against the directors is the liquidator. The fraudsters suggest that they have ‘game changing’ information and the only cost involved is a registration fee, saying that if they do not recover your money with 120 days the fee would be refunded.
This Methodology was published by the EU Commission on 22nd June. Under Article 9 of Directive (EU) 2015/849 (the 4th Anti-Money Laundering Directive), the Commission is required identify high-risk third countries through the adoption of delegated acts. The Directive – as amended by Directive (EU) 2018/843 (the 5th Anti-Money Laundering Directive) establishes the scope and the legal requirements to be fulfilled and which are developed in the methodology. The Methodology provides a methodological approach for identifying third country jurisdictions which have strategic deficiencies in their AML/CFT regimes (“high-risk third countries”).