Bribery

SRA-Barrister

25 Apr The Criminal Finances Bill – the buck stops at the top!

When introducing this Bill in October of last year, the government announced that it would significantly improve the ability:(i) to tackle money laundering and corruption,  (ii) recover the proceeds of crime and (iii) counter terrorist financing.   The Bill, promised in the 2016 Queen’s speech, purports to meet these ambitions by focusing on four key categories.     A. Improving the recovery of the proceeds of crime including international corruption.   As presently drafted...

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25 Apr HMG TIGHTENING THE SCREWS – A NEW ANTI-MONEY LAUNDERING BODY

OPBAS - what is it and what will it do?The UK government has announced plans to create OPBAS - the Office for Professional Body Anti-Money Laundering Supervision - a new watchdog that will tackle potential weaknesses in the money laundering supervisory system that criminals and terrorists may be trying to exploit.   OPBAS will be housed in the FCA and and will apparently operate within the FCA’s...

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