INTRODUCTION In April 2016, the Government published an action plan (‘Plan’) to counter the money laundering and terrorist financing risks faced by the UK, as identified in the national risk assessment published in October 2015. The Plan focused on the following priorities: A more robust law enforcement response to the risks, including building new capabilities […]

The Criminal Finances Act 2017 represents a further significant development in the approach to the investigation and prosecution of financial crime in the UK.1  Introduction In one of its final acts, before it dissolved ahead of the upcoming general election, the UK Parliament passed the Criminal Finances Act 2017 (the “Act”), which received Royal Assent […]

With the revelations of the Panama Papers still fresh in the memory and concerns expressed by Rachel Davis of Transparency International in May that the UK remains a “prime location for stashing away illicitly gained wealth”, the UK Government has shown in recent months that one of its key legislative priorities will be to crack […]