The AML Watchman

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?”

Showing posts with label Insider trading. Show all posts

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?

Tuesday, 15 September 2009

And now for something completely different: Issue No.13!

Image via Wikipedia

The UK's Financial Services Authority (FSA) publishes useful financial crime information form time to time. Lo and behold issue number 13 is out! So for those of you who fall under the FSA's regime, download it, peruse it and apply the relevant bits.

IMHO, look out for the first criminal conviction for insider trading, HSBC's £3 million fine for really poor data practice and the changes in personnel that are coming to the FSA.

Please note it doesn't cover the recent fine for Barclay's transaction reporting errors as outlined below.

Ta Ta For Now.