Probing Dirty Money: Treasury Committee announces AML and Economic Crime Inquiry

Speed read: Anita Clifford puts in to context the Anti Money Laundering and sanctions inquiry announced by the Treasury Committee, a lower house parliamentary committee, on 29 March 2018.  Today (29 March 2018), the Treasury Committee announced a full-scale inquiry into the money laundering regime and the impact of...
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UWOs: Extra-Territoriality and Implications for the Regulated Sector

Speed read:  Anita Clifford discusses UWOs, concentrating on their ability to capture people and property located anywhere and their potential impact on the regulated sector. Unexplained Wealth Orders are now part of the United Kingdom’s weaponry against suspicious property. Since 31 January 2018, enforcement authorities can obtain a High...
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Australian anti-bribery law reform: Implications for UK business

Speed read: Anita Clifford distils Australia’s proposed new anti-bribery architecture, drawing out the differences with the UK framework and implications for British companies doing business in Australia. On 6 December 2017, the Australian government revealed proposed new legislation targeting corporate and financial crime. The Crimes Legislation Amendment (Combatting Corporate...
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Bribery as a Tax Evasion Issue

Speed read: Anita Clifford examines the connection between bribery and tax evasion in circumstances where there may be reluctance to commence a bribery prosecution. When it was introduced in 2010, the Bribery Act 2010 was billed as a testament to the UK wanting to “play a leading role in...
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Challenges Associated with Private Entities Investigating Money Laundering: Information Sharing

Speed Read: In this second awareness update, Anita Clifford considers the challenges that could arise as private entities are drawn further into the investigation of money laundering through the new information sharing network. An emerging priority The advent of the new information sharing channel indicates that greater private sector...
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