Feb 02, 2023 New failure to prevent offences coming soon – but will they prevent anything? By Neill Blundell Helen Harvey Aaliyah Sattar The news that - finally - the government plans to introduce new failure to prevent (“FTP”) offences in the economic crime sphere has been...
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...
Sep 26, 2022 New Economic Crime Bill: another stab at the £100bn dirty money problem By Lorna Emson Helen Harvey Matthew Pimley On 22 September, the UK Government introduced the Economic Crime and Corporate Transparency Bill (the Bill). The Bill, the second...
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 21, 2022 Know your fraud: specific fraud risk rather than general red flags are needed to invoke the Quincecare duty By Lorna Emson Nikolas Ireland James Reid The Quincecare duty has made the news once again. We recently commented on RBS v JP SPC 4 & another [2022] UKPC 18 and Philipp v Barclays...
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...
May 23, 2022 The limit of Quincecare: Privy Council holds that banks do not owe a tortious duty of care to non-customers By Lorna Emson Nikolas Ireland James Reid In its recent judgment in RBS v JP SPC 4 & another [2022] UKPC 18 the Privy Council has provided an important insight into the scope of...
May 04, 2022 The Chancellor announces a £25 million “fraud squad” to recover £5 billion By Lorna Emson Max Hobbs Georgia O'Connor The Chancellor, Rishi Sunak, has announced a new “fraud squad” to recover money stolen from the state-backed Covid Bounce Back Loan...
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 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 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...
Nov 22, 2021 Paying the price: UK proposes mandatory rules for banks to compensate fraud victims By Lorna Emson James Reid The UK government has indicated that UK banks will be required to provide refunds to victims of “push payment” fraud (also known as “APP”...
Aug 31, 2021 English courts confirm extensive remedies available for victims of cryptocurrency fraud By Emma Cohen James Popperwell Nikolas Ireland As the use of cryptocurrencies by investors continues to grow so too does the opportunity for fraud in the cryptocurrency sector. In the...
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...