The impact of the UK ECCTA 2023 on bribery cases

The SFO has now the authority to require the submission of information or the production of documents to aid in its investigations, this in conjunction with the introduction of the new “failure to prevent fraud” offence and the corporate criminal liability...

UK ML/TF Regulations 2022 passed by Parliament

UK ML/TF (Amendment) (No. 2) Regulations 2022 come into force on 1 Sept 22 extending the scope of BO reporting discrepancies among others. Reg 13 makes it clear that supervisory authorities can directly require members to show them SARs “to help them in...

UK Govt on The Economic Crime Act 2022

The aim of the Act is to increase the transparency of ownership of UK property by overseas entities, by identifying the beneficial owners of those entities. ‘Overseas entities’ owning ‘qualifying property’ are required to register and…