Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
14 March 2023
Expansion of failure to prevent: The theory is almost reality
For more than a decade, lawyers, academics and business representatives have been discussing the need for a new approach to corporate criminal liability for economic crime. With significant expansion of the tried and tested failure to prevent (FTP) structure now imminent, and further debate on the Economic Crime and Corporate Transparency Bill scheduled for late March, there are questions still to be answered.
21 February 2023
Joint police and FCA action underlines law enforcement attention on cryptoasset activity
Amid increased focus on the regulation of cryptoassets in the UK, law enforcement agencies have carried out unprecedented raids targeting illegally-operated cryptocurrency ATMs.
10 February 2023
What are the key rule changes the FCA has made on ARs?
All firms authorised by the Financial Conduct Authority are permitted to have unregulated firms, known as appointed representatives, carrying out regulated business under their supervision and using their regulatory permissions.
3 February 2023
What does failure to prevent mean for the accountancy sector?
A comment made by Minister of State for Security Thomas Tugendhat during a debate on the Economic Crime and Corporate Transparency Bill (the Bill) on 25th January has sparked a flurry of media reports and speculation. Tugendhat was confirming that the government supported the inclusion of new corporate criminal offences, based on the failure to prevent (FTP) model, in the Bill.
30 January 2023
Major rise in SARs volume and suspect funds locked – UK FIU report
The latest Annual Report of the NCA’s UK Financial Intelligence Unit (UKFIU), published this week, makes interesting reading. The UKFIU is responsible for receiving, analysing and disseminating intelligence submitted through the Suspicious Activity Reports (SARs) regime and its role is to alert law enforcement agencies, both at home and abroad, to potential instances of money laundering and terrorist financing.
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