On 23rd October, Eversheds Sutherland published the latest edition of its booklet which summarises key financial crime related legal and regulatory changes expected over the next 18 months to 2 years, as well as providing electronic links to key resources.
The comprehensive subject matter includes –
- FCA is proposing to add a chapter on insider dealing and market manipulation to the Financial Crime Guide and also make a number of general changes as a result of recent regulatory changes to ensure the guide remains up to date;
- The Home Office is committed to publish an asset recovery action plan in response to a Public Accounts Committee. The asset recovery plan will set out how the UK is responding to the challenges involved in improving the recovery of the proceeds of crime;
- Criminal Fraud (Private Prosecutions) Bill 2017-19. A Private members’ Bill, it makes provision about private prosecutions in cases of suspected criminal fraud in certain circumstances; and for connected purposes. The Commons 2nd Reading scheduled for 26th October;
- The Law Commission consultation on AML closed on 5th October;
- The Law Commission public consultation on reforming the law of search warrants closed in September and the response from the Law Commission is awaited; and
- The consultation on the draft Registration of Overseas Entities Bill, which sets out provisions to establish a new beneficial ownership register of overseas entities that own UK property to be maintained by Companies House, closed on 17th