May 11, 2023 Better late than never: UK set to update criminal insider dealing framework By Lorna Emson Helen Harvey James Reid The UK is set to implement a new statutory instrument (SI) to align the scope of the UK’s criminal insider dealing regime with the...
Apr 13, 2023 Failure to prevent fraud - Guilty, until proven innocent (or until reasonable fraud prevention procedures are in place) By Neill Blundell Helen Harvey Anna Bondarenko On 11 April 2023, the government finally tabled legislation introducing a much-anticipated new failure to prevent (FTP) fraud offence, as...
Apr 03, 2023 Best laid (economic crime) plans: the usual government rhetoric or an actual step forward? By Neill Blundell Helen Harvey Joshua Rutt Recognising the increasing threat to the UK’s national security and prosperity, on 30 March, HM Treasury and the Home Office published...
Nov 29, 2022 Transparency, but not at any cost By Dominic Sedghi In a significant judgment, the Court of Justice of the European Union (CJEU) has struck down provisions of European Union law that give...
Oct 24, 2022 Is the New Economic Crime Bill tough enough? MPs level criticism at its second reading By Neill Blundell Helen Harvey Mollie Biggadike The introduction of the Economic Crime and Corporate Transparency Bill (the Bill) on 22 September 2022 was met with support by many legal...
Aug 05, 2022 Government launches new Public Sector Fraud Authority By Lorna Emson Helen Harvey Helin Gurel On 3 August, the UK Government announced the launch of the Public Sector Fraud Authority (the Authority), a new body tasked with tackling...
Jun 24, 2022 Office of Financial Sanctions Implementation: looking to upscale and upskill By Neill Blundell Helen Harvey Helin Gurel On Wednesday 22 June, the director of the Office of Financial Sanctions Implementation (“OFSI”), Giles Thomson, speaking to the House of...
Jun 15, 2022 New strict liability offence for financial sanctions comes into force today, amongst others By Neill Blundell Francis Bond Jessica Arapu Following the Economic Crime (Transparency and Enforcement) Act 2022’s expedited passage through Parliament in March 2022, the Office of...
Jun 13, 2022 Corporate criminal liability: ten options for reform By Neill Blundell Helen Harvey Max Hobbs The UK’s Law Commission has published its options paper for reform of corporate criminal liability. This much-anticipated report sets out...
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 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 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 02, 2022 Economic crime in the UK: What is going on? By Neill Blundell Max Hobbs Francis Bond There have been so many developments in the realm of “economic crime” in the last two weeks that it has been hard to keep up.To summarise...
Jan 31, 2022 Proposals for reform of the UK’s criminal liability laws to be published this spring By Neill Blundell Joe Gaffney The Law Commission last week confirmed that its proposals to reform the UK’s criminal liability laws are on track to be published this...
Jan 26, 2022 Is the UK losing the fight against corruption? By Lorna Emson Francis Bond Joe Gaffney "The UK is currently losing the fight against economic crime. UK law enforcement capacity – an essential component of this fight – is...
Nov 11, 2021 “Now is the time to get the house in order”: US Department of Justice prepares to launch corporate crime crackdown By Neill Blundell Joe Gaffney The US Department of Justice (DoJ) is preparing for an imminent crackdown on corporate crime, warning companies that they must get their...