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...
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 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...
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...
Oct 21, 2021 UK Parliamentary Group seeks sanctions against corrupt global actors By Neill Blundell Francis Bond The All-Party Parliamentary Group on Magnitsky Sanctions (“APPG”), co-chaired by MPs Sir Iain Duncan Smith and Chris Bryant, was formally...
Jul 20, 2021 The verdict’s in: the SFO publishes its 2020–2021 Annual Report By Neill Blundell The Serious Fraud Office (SFO) has published its Annual Report and Accounts for 2020–2021 (the Report). The Report provides an overview...
Apr 01, 2021 CPS announces landmark economic crime strategy, including new dedicated court By Neill Blundell Adam Fieldgate The Crown Prosecution Service (CPS) has launched its first ever comprehensive strategy to combat economic crime. This announcement is...
Mar 26, 2021 Hot streak: more enforcement action from the UK Gambling Commission for AML failures By Lorna Emson The UK Gambling Commission (UKGC) has announced a £6m fine against another gambling company as a result of social responsibility and...
Mar 18, 2021 House edge: UK Gambling Commission issues another fine over money laundering failures By Lorna Emson Adam Fieldgate The UK Gambling Commission has announced a £3.4m fine levied against In Touch Games Limited (In Touch) after uncovering a series of...
Jan 21, 2021 Big fraud: FCA proposes regulation of tech giants in relation to financial scams By Neill Blundell James Reid Lorna Emson On Monday the Financial Conduct Authority (FCA) released its review of consumer investments data for 2020 (the Review). In the Review the...
Jan 14, 2021 No expansion of the failure to prevent offence... for now By Neill Blundell Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
Jan 07, 2021 Cleaning the laundry: HMRC issues record fines for anti-money laundering failures By Neill Blundell Max Hobbs It has been revealed that last year HMRC imposed a record fine of £23,828,092 on a money services business for anti-money laundering...
Dec 10, 2020 United States to pass historic anti-money laundering legislation, including first register of corporate beneficial ownership By Neill Blundell Francis Bond The United States Congress is expected to pass the country’s most significant anti-money laundering legislation in decades this week,...
Dec 07, 2020 The offence of misconduct in a public office to be reformed for first time since 1783 By Neill Blundell Oli Bowley The Law Commission on Friday recommended reforms to modernise the UK’s “outdated and unclear” offence of misconduct in public office....