Criminal liability of employees of financial intermediaries for money laundering: a British perspective

The money laundering rules, both those contained in the Proceeds of Crime Act 2002 (and the legislation which preceded it) and the provisions of the Money Laundering Regulations 1993, impose considerable liabilities not just on institutions but on their individual officers and employees. Although the Money Laundering Reporting Officer / Compliance Officer has particular responsibilities, this does not absolve the other employees of the firm from the requirement to exercise considerable diligence on their own account

The Role of Whistleblowers in the Fight Against Economic Crime

Whistleblowers have an essential role in the fight against economic crime, but their position is also not without risk. There are a number of ways in which they need protection, ranging from strong employment law provisions to witness protection programmes for themselves and their families. Although a number of jurisdictions, including the U.K., have provisions catering for these issues, they do not provide a perfect solution and, not least in a country such as Nigeria, the solutions themselves can give rise to issues which need to be addressed

A Review of the Genus \u3ci\u3eGryllus\u3c/i\u3e (Orthoptera: Gryllidae), With a New Species From Korea

Gryllus is the most widely distributed genus of the Tribe Gryllini, and may be the largest; it includes 69 described species occupying most of the New World, Africa, and Europe, and much of Asia. A new species from Korea significantly extends the known range of the genus

On and Off Contract Remedies

A party dissatisfied with the contractual performance of a counterparty is typically able to pursue a variety of legal recourses. Within this apparent variety lurk two fundamental alternatives. The aggrieved party may (i) “affirm” the contract and seek money damages or specific performance; or (ii) “disaffirm” the contract with the remedy of rescission and restitution. This simple dichotomy of contract remedies applies broadly in both common law and civil law practice. We show here that this remedial regime allows parties to write simple contracts that induce first-best cooperative investments