NEW CRACKDOWN ON FRAUD AND MONEY LAUNDERING TO PROTECT UK ECONOMY

On 22 September, the Home Office published a news release about the new Economic Crime and Corporate Transparency Bill.  This includes reforms to Companies House – its biggest upgrade in 170 years – and investigation and enforcement powers of Companies House will also be upgraded, enabling the organisation to cross check data with public and private partners, as well as reporting suspicious activity to security agencies and law enforcement.  Factsheets, human rights memorandum and impact assessments are also available. The Law Society Gazette also reports that the Bill could give the Solicitors Regulation Authority (SRA) unlimited powers to fine firms involved in facilitating economic crime.

https://www.gov.uk/government/news/new-crackdown-on-fraud-and-money-laundering-to-protect-uk-economy

https://www.gov.uk/government/collections/economic-crime-and-corporate-transparency-bill-2022

https://www.lawgazette.co.uk/news/government-offers-sra-unlimited-fining-powers-for-economic-crime/5113740.article

Any modest contributions for my time and ongoing expenses are welcomed! 

At Buy me a Coffee single contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: