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Bright Line Law News

Latest news & updates from Bright Line Law.
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Imperfect but Here to Stay: The SARs Regime after the Law Commission Report

Speed read: The Law Commission’s Report on the SARs regime recommends tweaks rather than any substantive change. Two recommendations at least hold some practical potential. The call for statutory guidance presents an opportunity to shed light on the contours of the reasonable excuse reporting exemption. This is something much...
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What’s the Deal? UK AML Law After Exit Day

Speed read: Anita Clifford examines the changes to the UK AML regime to come into effect after the UK departs from the EU. The uncertainty surrounding the UK’s departure from the EU has meant myriad contingency plans have been developed by government and business alike. In the anti-money laundering...
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Stopping the Side Hustle: UK Freezes Foreign Student Accounts – Harder than First Thought?

Speed Read: Anita Clifford explores the recent targeting of foreign student bank accounts for freezing pursuant to Part 5 of the Proceeds of Crime Act 2002. 95 accounts, totalling an estimated £3.6 million, were frozen in a single day on suspicion of money laundering and other criminality. It will...
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High Court dismisses application to discharge first Unexplained Wealth Order in the United Kingdom

Speed read: Anita Clifford considers the first test of the UWO provisions in the United Kingdom. On 3 October 2018, the High Court handed down judgment in NCA v Mrs A [2018] EWHC 2534 (Admin), the first application to set aside an Unexplained Wealth Order (UWO) in the United...
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Anita Clifford quoted on Unexplained Wealth Orders

 On 3 October 2018, the High Court handed down judgment in the first application to set aside an Unexplained Wealth Order (UWO) in the United Kingdom. The power to make a UWO, an investigative order which compels a person to explain the provenance of assets available under the Proceeds...
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