“Money Laundering” is the generic term used to describe the process by which criminals disguise the original ownership and control of proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source. “Money Laundering” is a transaction or a series of transactions effected with the aim to conceal or change the identity of criminal proceeds, so that the money, after such processing, will appear to have originated from a legitimate source. 1.5 trillion US dollars are being laundered every year. In this course, we will learn about the legal framework, the requirements of the law society and some practical enforcement issues. As a lawyer, you should be able to identify these transactions and take appropriate action.
In this course, we will cover:
- The Legal Framework
- Practice Direction P
- Reporting and Enforcement
Kenneth Leung is a consultant partner of Lewis Silkin. He has over 23 years of experience working in London and Hong Kong advising clients ranging from banks, insurance companies, private equity funds, stockbrokers, multi-nationals, government agencies and NGOs on employment, pensions, reward schemes and related tax issues.
He has Bachelor and Master’s degrees from the London School of Economics and Political Science and is dual-qualified in Hong Kong and England and Wales. He was named the world’s top 100 leading tax lawyers by Tax Directors Handbook between 2008 and 2016. He is frequently recommended for employment and reward scheme work by Chambers and Legal 500.