On 28 March 2023, the UK Gambling Commission (the Commission) announced that three gambling businesses owned by William Hill Group would pay a total financial penalty of £19.2 million for social responsibility and anti-money...more
4/3/2023
/ Anti-Money Laundering ,
Civil Monetary Penalty ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Gambling ,
Gambling Acts ,
Licensing Rules ,
Regulatory Authority ,
Regulatory Oversight ,
Serious Fraud Office (SFO) ,
UK
On March 1, 2022, the UK Government put forward the Economic Crime (Enforcement and Transparency) Bill. The stated aim of the legislation is to “crack down on dirty money in the UK and corrupt elites”, and it is designed to...more
3/11/2022
/ Anti-Money Laundering ,
Beneficial Owner ,
Economic Sanctions ,
Enforcement Authority ,
Financial Crimes ,
Financial Transactions ,
Money Laundering ,
Office of Financial Sanctions Implementation (OFSI) ,
Proposed Legislation ,
Real Estate Transactions ,
Real Estate Transfers ,
Registration Requirement ,
Russia ,
Unexplained Wealth Orders (UWOs)
On 7 May 2020, the European Commission (Commission) issued a comprehensive and ambitious Action Plan and public consultation designed to strengthen the European Union's (EU) legal framework to fight against money laundering...more
The UK Law Commission has published a report criticising existing anti-money laundering legislation and providing recommendations to improve the quality of Suspicious Activity Reports (SARs). What should we make of these...more
On 17 January 2018, the House of Lords voted against an amendment to the proposed Sanctions and Anti-Money Laundering Bill that sought to create a publicly accessible register of the beneficial ownership of companies...more
Speaking at the 35th annual Cambridge International Symposium on Economic Crime, Robert Buckland QC MP, the Solicitor General for England and Wales, and David Green QC, Director of the SFO, addressed the question, “Preventing...more
9/20/2017
/ Anti-Money Laundering ,
Chief Compliance Officers ,
Compliance ,
Corporate Crimes ,
Corporate Criminal Fines ,
Corporate Liability ,
Deferred Prosecution Agreements ,
Financial Action Task Force ,
Financial Crimes ,
HM Treasury ,
Law Enforcement ,
Self-Reporting ,
Serious Fraud Office (SFO) ,
UK