03 Apr, 2024 Suspicious Activity Reports: signs of quality over quantity? By Lorna Emson Max Hobbs Freddy Rendall On 28 March 2024, the UK Financial Intelligence Unit (UKFIU) of the National Crime Agency published its annual statistical report...
06 Mar, 2024 Anti-financial crime controls: the FCA issues a call for action By Lorna Emson Max Hobbs Helen Harvey The Financial Conduct Authority (FCA) wrote a letter on 5 March 2024 to the Chief Executive Officers (CEOs) of “Annex 1” firms. These are...
04 Mar, 2024 New powers for Companies House By Lorna Emson Helen Harvey Lara Gardiner In an effort to fight economic crime and make it easier to hold corporates to account, the Economic Crime and Corporate Transparency Act...
15 Feb, 2024 FCA update on reducing and preventing financial crime: what you need to know By Lorna Emson Helen Harvey Francis Bond Alex Taylor +1 more... Show less The Financial Conduct Authority (FCA) has published an update on its three-year strategy to reduce and prevent financial crime. The...
29 Jan, 2024 "Cards on the table" for claimants who suspect fraud – no exceptions By Nikolas Ireland Madeleine Brown When a claimant pleads fraud, particular rules are applicable to make sure they clearly set out their case. The court has recently...
17 Jan, 2024 New Year, New Powers: Serious Fraud Office gains greater powers to compel information at an early stage By Lorna Emson Helen Harvey Lara Gardiner As of 15 January 2024, the Serious Fraud Office (SFO) can now compel individuals and companies to provide them with information before an...
07 Dec, 2023 Play your cards right: betting company secures DPA in relation to historic bribery By Helen Harvey Victoria Braid What started off in 2019 as an HMRC investigation into the activities of Entain Plc’s (Entain) former Turkish-facing online betting and...
25 Sep, 2023 Money laundering: cryptoassets, promotions and the proceeds of crime By Lorna Emson Max Hobbs Last Thursday, we published an article highlighting some recent, more unusual, money laundering schemes. We encouraged organisations to...
25 Jul, 2023 Crime and (deferred) Punishment: What Entain tells us about the role of HMRC and prosecuting bodies By Helen Harvey Victoria Braid In May 2023, FTSE 100 company Entain Plc (Entain) announced that it anticipated receiving a “substantial” financial penalty following an...
05 Jul, 2023 Top of the (fraud) cops: the SFO appoints its new director By Max Hobbs The Serious Fraud Office (SFO) has appointed its new director. Nick Ephgrave QPM, a former assistant commissioner of the Metropolitan...
28 Jun, 2023 Failure to Prevent Fraud: Peers seek to widen the scope By Lorna Emson Helen Harvey Jenny Shelley The government tabled a new failure to prevent (FTP) fraud offence as part of the Economic Crime and Corporate Transparency Bill (ECCT...
23 Jun, 2023 Freeze to seize to Kyiv - a first step? By Helen Harvey On 19 June 2023, the Government announced a new package of sanctions which pave the way for assets frozen under the Russia sanctions...
11 May, 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...
04 May, 2023 Ever get the feeling you’ve been cheated? The UK Government Fraud Strategy 2023 By Lorna Emson Francis Bond Joshua Rutt The UK Government has proclaimed a “fundamental shift” in its approach to tackling fraud, a problem that accounts for 40% of all recorded...
13 Apr, 2023 Failure to prevent fraud - Guilty, until proven innocent (or until reasonable fraud prevention procedures are in place) By 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...
03 Apr, 2023 Best laid (economic crime) plans: the usual government rhetoric or an actual step forward? By 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...