24 Oct, 2022 Is the New Economic Crime Bill tough enough? MPs level criticism at its second reading By 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...
26 Sep, 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...
14 Jan, 2021 No expansion of the failure to prevent offence... for now By Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
30 Oct, 2020 Taking flight: The SFO secures its ninth DPA By Max Hobbs The Serious Fraud Office (SFO) has agreed its ninth deferred prosecution agreement (DPA), which has now received approval in the Crown...
26 Oct, 2020 The Serious Fraud Office publishes new guidance on Deferred Prosecution Agreements By Helen Harvey On 23 October, the Serious Fraud Office (“SFO”) published comprehensive guidance on how they approach Deferred Prosecution Agreements...
24 Sep, 2020 SFO uses its first listed asset order By James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had used its first listed asset order (LAO) to seize £500,000 of jewellery,...
23 Jul, 2020 UK to invest £100m in stronger AML checks through tax on banks By Francis Bond The UK is set to go ahead with a £100m investment in improving anti-money laundering systems, funded by a “levy” on financial...
30 Jun, 2020 More time needed: SFO granted another extension to seize London properties By James Reid Last Friday the Serious Fraud Office (SFO) was granted a further extension in its attempt to seize UK properties and cash worth...
09 Jun, 2020 Case closed: Financial Reporting Council ends investigation into Tesco accountants By James Reid The Financial Reporting Council (FRC), the audit watchdog, has announced that it is dropping its investigation into several Tesco...
10 Feb, 2020 Fine by me: could a small sanction for a breach of the SFO’s Section 2 Notice fail to deter non-compliance? By Max Hobbs At the end of January 2020, the UK courts convicted an individual of failing to comply with the terms of a “Section 2 Notice” issued...
28 Jan, 2020 The Magnificent Seven? The SFO agrees in principle to a DPA with Airbus By Max Hobbs It is being reported that Airbus has agreed in principle to a deal with regulators in the UK, US and France to end long-running...
21 Jan, 2020 Get with the programme: the SFO releases new guidance on compliance programmes By Max Hobbs The Serious Fraud Office (SFO) has released new guidance on its website – as part of its Operational Handbook – setting out key...