On 6 November 2024, the UK government published itsguidance on the new ‘failure to prevent fraud’ offence, which was introduced in the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023).1We covered the details of the new offence inour 12 September 2024 alert: In summary, the...
UK Economic Crime Group: Mid-Year Roundup in Economic CrimeKathleen Harris
Following government guidance that updates to UK Companies Registries brought about by the Economic Crime and Corporate Transparency Act 2023 (ECCTA) would start to come into force over the course of 2024, the Companies House Registrar (Registrar) has confirmed that initial changes...
This would form part of the Government’s economic crime plan commitment and follows the coming into force of the UK’s National Security and Investment Act 2021 (which allows the Government to review certain M&A activity that may give rise to national security concerns). However, in November ...
It is easy to show that the UK Government rarely conducts ‘evidence-based policymaking’, but not to describe a politically feasible use of evid
Notably, the Act does not include the long-delayed ‘failure to prevent economic crime’ offence. It is expected that this is being accelerated and will be introduced in the coming months. The government has also indicated that further reforms to the UK’s money laundering regime to build on...
(3) no change from the current system. The new Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) will also enable the Government to make applications for non-public trust information held on the ROE irrespective of the outcome of this consultation. At the time of writing th...
A new Economic Crime Bill to bolster the government's ability to target Russian oligarchs has been pushed through the Commons. The Economic Crime (Transparency and Enforcement) Bill received an unopposed third reading on Monday evening and will now go to the House ...
On 6 November 2024, the UK government published its long-awaitedGuidancefor the new offence of failure to prevent fraud (FTP Fraud Offence), which will come into force on 1 September 2025. The FTP Fraud Offence was introduced via the Economic Crime and Corporate Transparency Act...
UK Prime Minister Boris Johnson has vowed not to "decapitate" London and other "tall poppies" as he set out his flagship "leveling up" program – the government's post-COVID-19 economic vision for the UK. Light on detail, the prime minister's vow to "level ...