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Thomas's long read archive

2022 (1) 2021 (3)
Thomas Cattee

Thomas Cattee

Solicitor at Gherson
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Long reads

Tech and Crime Series: Cryptoassets and financial crime Part II

23 h

This article follows a 7 April 2021 article titled: Tech and Crime Series: Cryptoassets and financial crime Part I. On 1 June 2022, the US Department of Justice (DoJ) announced that a former employee of a non-fungible token (NFT) marketplace, OpenSea, had been charged in the first ever digital asset insider trading scheme. As the associated press ...

Tech & Crime Series: Is it time for a bespoke UK crypto-regulation regime?

15 Jul 2021

In the UK, cryptoasset related activities are rightly being increasingly regulated for anti-money laundering (“AML”) and financial crime reporting purposes. However, except where cryptoassets crossover into certain other regulated areas, there is currently no specific wider regulatory framework. As such it has been recognised that they may not be ...

Tech and Crime Series: Has the FCA bitten off more than it can chew with its NatWest Prosecution?

13 Apr 2021

News broke on Tuesday 16 March 2021 that the Financial Conduct Authority (the “FCA”) has started criminal proceedings against NatWest Bank (“NatWest”) for alleged offences relating to the adequacy of procedures in place to prevent money laundering. These proceedings are in respect of offences under the Money Laundering Regulations 2007 (the “200...


Tech and Crime Series: Cryptoassets and financial crime

07 Apr 2021

News broke on 6 March 2021 that John McAfee (“McAfee”) has been charged in the US with conspiracy to commit fraud and money-laundering. This is in relation to his alleged involvement in a cryptocurrency scheme. The indictment states that “McAfee’s so called-cryptocurrency team (the “McAfee Team”), perpetrated two fraudulent schemes relating to th...