Feb 28, 2022 Economic Crime Bill to be fast-tracked this week: transparency reform, UWO changes and new sanctions legislation By Lorna Emson Francis Bond Joe Gaffney Prompted by the crisis in Ukraine, the UK Government has announced that it will bring forward the Economic Crime Bill. It has also...
Feb 24, 2022 Choose your words carefully: amending dispute resolution provisions By George Dew A helpful reminder of the need to be careful when amending the dispute resolution provisions of a long-term contract (Surrey County...
Feb 24, 2022 UWOs: Remember those? By Neill Blundell Max Hobbs Joe Gaffney A House of Commons briefing paper, published on 22 February 2022, has criticised the use of Unexplained Wealth Orders (UWOs). The paper...
Feb 21, 2022 Next steps for UK funds regime review By Rhiannon Kinghall Were On 10 February 2022 HMT published its formal response to its review of the UK funds regime and set out a series of actions it is planning...
Feb 18, 2022 UK widens sanctions, potential retaliation by Russia and international regulators urge restraint By Neill Blundell David Gauke Francis Bond The crisis at the Russia/Ukraine border continues to provoke reverberations for the global financial sanctions framework, with threats...
Feb 18, 2022 Policy in practice: Russian sanctions By David Gauke Francis Bond David GaukeFrancis Bond discuss the potential financial sanctions options available to the UK Government in responding to the...
Feb 17, 2022 The UK Government closes the Investor visa category By Macfarlanes The Home Office has just announced that it has closed the Investor visa category to new applicants with immediate effect. Current...
Feb 14, 2022 Amazon joins ranks of large UK grocery retailers subject to the Groceries Supply Code of Practice By Richard Pepper Amazon's UK groceries activities will now be monitored by the Competition and Markets Authority (CMA), which on 9 February 2022...
Feb 14, 2022 The big freeze on crypto-assets: HMRC seizes its first ever NFT By Neill Blundell James Reid HM Revenue & Customs (HMRC) has announced its first ever seizure of Non-Fungible Tokens (NFTs) as part of a £1.4m VAT fraud...
Feb 14, 2022 Fighting economic crime in the UK: an overview By Neill Blundell Max Hobbs Joe Gaffney On Thursday 10 February, the House of Commons Library published a briefing paper on economic crime in the UK, which summarises recent...
Feb 11, 2022 Derivatives – UK CCP equivalence extended to 2025 By Edward Karsten William Sykes Following a statement by Mairead McGuinness, European commissioner for financial services, towards the end of last year, the European...
Feb 10, 2022 The unregulated world of cryptocurrency: ASA clamps down on Crypto.com By Lorna Emson Sheila Dines The Council of the Advertising Standards Authority (the ASA Council) has clamped down on Crypto.com (a payment and cryptocurrency trading...
Feb 10, 2022 The Economic Crime Bill: reform is coming By Neill Blundell Max Hobbs Joe Gaffney We recently commented on a fortnight of fast-paced developments in the economic crime space. As we observed, it appears that (despite...
Feb 09, 2022 An “educational approach”? HMRC nudge letters to crypto investors By Anna Seccombe Towards the end of last year, it was reported that HMRC had begun sending “nudge letters” to cryptocurrency investors. Nudge letter...
Feb 08, 2022 Dual/multiple nationalities: will you have to choose? By Macfarlanes The UK and many other countries allow their citizens to hold dual/multiple nationalities. I am Canadian (a country that permits its...
Feb 08, 2022 New register of home ownership? Sadiq Khan calls for a register of foreign-owned UK property to aid Russia sanctions By Lorna Emson Max Hobbs Francis Bond Sadiq Khan, the Mayor of London, has issued a call for a new register of foreign-owned properties in the UK, citing the fact that the...