The world of AML has changed out of all recognition over the last decade. Old crimes are subject to new laws, professional firms and financial institutions are subject to criminal sanctions and regulatory review as never before. Yet the individual client has virtually no say over what various national governments and their competing departments are doing to their rights and liberties in their name. This blog attempts to address the dilemma posed by the question “Quis custōdiet ipsōs custōdēs?”
Saturday, 15 December 2012
Insider trader's rival lovers walk free and get to keep their cash
Crime - News - London Evening Standard
The German investment banker, Thomas Ammann, 39, admitted leaking confidential information to his two girl friends which led them to a £2million shares coup. The Standard link from last month (above) confirms that the girls can keep the proceeds of his crime.
Mr Ammann, however, has been jailed for two years and eight months yesterday after pleading guilty to two counts of encouraging insider dealing and two counts of insider dealing. You can find further details here: Investment banker Thomas Ammann jailed
Who says crime doesn't pay?
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