Blog
Private prosecutions – A route to justice for the charity sector
Sophie Tang
7 February 2023
Wet wipes, washing powder and water under the microscope: CMA announces its decision to focus on green claims in the fast moving consumer goods sector
The Competition and Markets Authority (CMA) has announced a significant expansion of its project to examine misleading green claims. The regulator will be investigating a range of everyday essential items, including food and drink, cleaning products, toiletries, and personal care items, and will be considering whether companies are complying with UK consumer protection law in the environmental claims they are make about those products.
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.
2 February 2023
‘Made in China’ as Possible Supply Chain Money Laundering
It is estimated that 30% of the world’s production of cotton originates in China. Of that cotton 85% originates in Xinjiang, which is the centre of the Uyghur atrocities. Recently before the High Court, the World Uyghur Congress (“the WUC”) argued that UK authorities were under a duty to block and/or launch money laundering investigations into the many imports of Xinjiang cotton brought into the UK - many by household names in the clothing industry – because of the high likelihood of prison and forced labour forming the start of the supply chain
31 January 2023
The Online Safety Bill: What do the latest updates mean for companies and senior managers?
The Online Safety Bill hit the headlines last week, following its third and final reading in the House of Commons on 17 January 2023. Since its early stages the Bill has provoked an ongoing debate between social media safety groups, who call for the law to do more to protect children, and civil liberties campaigners, who argue that the proposed legislation impinges on the freedom of speech. The latest proposed amendment would make senior managers criminally liable for platforms’ persistent failure to protect children online. Magda Zima considers the potentially wide-ranging impact of this amendment on both companies and senior individuals.
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.
- Controlling and coercive behaviour
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- Crime and justice
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- Legal Updates
- Online Safety Regulation
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- Proceeds of Crime
- The Economic Crime and Corporate Transparency Act
- Unexplained Wealth Orders
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