Overview
On July 26, 2024, Global Investigations Review (GIR) quoted Alex Melia in an article titled, "UK Court of Appeal Ruling Leaves Businesses on the Hook for Money Laundering." The article discusses how companies have long relied on an exemption in the UK's money laundering law to shield them from liability for handling potentially illicit goods or funds and how a recent appeal court ruling brought that legal defense tumbling down.
Speaking to GIR about the ruling Melia said: that "the ruling means that even if a person or company can rely on the adequate consideration exemption when receiving suspected criminal property, they could still be liable for a money laundering offence when transferring the property to another party."
