Training & Knowledge: Business Crime & Financial Services

22nd Jul 2022Blog

Dysfunctional disclosure at the SFO

Disclosure failings lie at the heart of the criticism levelled at the SFO by Sir David Calvert-Smith in his independent review into the SFO’s handling of the Unaoil case. The review was commissioned after the Court of Appeal quashed the convictions of Ziad Akle and Paul Bond due to the SFO’s improper conduct in engaging […]

7th Jun 2022Blog

Guidance for the Accountancy Sector | Anti-Money Laundering

On 17 May 2022 the Consultative Committee of Accountancy Bodies (CCAB) published the final version of their anti-money laundering and counter-terrorist financing Guidance following its approval by HM Treasury. This note seeks to explain who is subject to the Guidance, and what it means for businesses. The Guidance is the result of the amendment of […]

18th May 2022Blog

Government Rejects Treasury Committee’s Recommendation That A Single Law Enforcement Agency Tackle Economic Crime

The government has published its response to the Treasury Committee’s 2022 report on economic crime. The Committee were “unhappy” with the government’s progress in tackling the “alarming” rise in economic crime. Work being done be government was “not enough or urgent enough to stem the rise, let alone start to bring it under control“. Critical […]

12th May 2022Blog

The Economic Crime Act 2022…A Headache For The Kleptocrats?…

Corrupt Elites and Kleptocrats: How far can the Economic Crime (Transparency and Enforcement) Act of 2022 go? Having been on the table since 2016, on 14 March 2022 the Economic Crime (Transparency and Enforcement) Act of 2022 (“the Act”) received Royal Assent only 14 days after it was introduced into the House of Commons in […]

30th Nov 2021Blog

Greenwashing – a Minute to Midnight?

On 1st November, inside Glasgow’s SEC Centre hosting COP26, PM Boris Johnson highlighted the urgent need to embrace a green industrial revolution to tackle climate change and meet a target of net carbon neutrality by 2050: “It’s one minute to midnight and we need to act now…it will be too late for our children to […]