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


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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