13 FEBRUARY 2023
Day: February 13, 2023
SFO BRINGS NEW CONFISCATION ORDER AGAINST FRAUDSTER CONVICTED 10 YEARS AGO
On 13 February, the Law Society Gazette reported that the SFO is seeking new confiscation orders against a property dealer jailed for one of the UK’s biggest mortgage frauds, over money recovered by his son from a donation to a school. Achilleas Kallakis made 2 donations in 2005 to an independent school, but Kallakis’ son subsequently obtained settlement of £92,500 plus costs from the school after it removed his father’s name from a theatre he had funded. Achilleas Kallakis was imprisoned in 2013 after being found guilty by a jury of conspiring to defraud banks of more than £750 million, with a prison sentence later increased to 11 years by the Court of Appeal.
THE AML/CFT REGIME OF JAMAICA DOES NOT CONTRAVENE CONSTITUTIONAL RIGHTS OF ATTORNEYS AND CLIENTS
On 10 February, a statement issued by FATF-style regional body, CFATF, advised that the highest court of appeal – the Judicial Committee of the Privy Council – had issued a ruling that the AML/CFT regime on Jamaica does not contravene constitutional rights of attorneys and clients. This followed a case initiated by the Jamaican Bar Association (JBA) and the General Legal Council (GLC).
UNODC GLOBAL REPORT ON CORRUPTION IN SPORT
The UN Office on Drugs and Crime has published (in several languages) its Global Report on Corruption in Sport which reveals the staggering scale, manifestation, and complexity of corruption and criminal networks in sport at international and national levels. The report breaks down an extensive range of issues, analysing the role of illegal betting, competition manipulation, abuse in sport, and the susceptibility of major sporting events to corruption, and the involvement of organised crime, among others. It also highlights the changing landscape of sport and its relation to corrupt practices, the existing initiatives to tackle the problem, issues related to detecting and reporting wrongdoing, as well as how existing legal frameworks can be applied to address corruption within this area. The Global Report also sets out policy considerations to help address these issues.