Conveyancing money laundering risk
21/03/2024
Between 2008 and 2011, Mr Walker—who practised on his account from Sevenoaks in Kent—helped source land and undertook conveyancing, registration, and consultancy services for plots of land being sold as part of an unauthorised collective investment scheme.
This scheme ultimately defrauded consumers of £4.3m, with some of the money from investors passing through his firm’s client account.
In 2015, Mr Walker was convicted of
- Possessing criminal property and
- Aiding and abetting the carrying on of a regulated activity, namely a collective investment scheme, without authorisation.
One of eight men convicted of the £4.3m land-banking fraud, he was sentenced to:-
- Five and a half years imprisonment for the first count and
- 21 months for the second,
The sentences to run concurrently.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.