2023 has been a year of change at the SFO with a new Director, enhanced investigatory powers and new statutory regime that will make it easier to prosecute corporate criminal offenders. Dropped investigations and acquittals...more
In 2022, the UK was forced to reckon with the charge of being soft on economic crime and being the destination of choice for kleptocrats seeking to launder their ill-gotten funds. No longer able to turn a blind eye to these...more
12/22/2022
/ Beneficial Owner ,
Criminal Conspiracy ,
Criminal Prosecution ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fraud ,
Legislative Agendas ,
Money Laundering ,
Office of Financial Sanctions Implementation (OFSI) ,
Regulatory Reform ,
Russia ,
Serious Fraud Office (SFO) ,
UK ,
Ukraine ,
Unexplained Wealth Orders (UWOs)
On 24 January 2022, the anti-corruption campaign group Spotlight on Corruption published a report on the state of economic crime enforcement in the UK (the “Report”). The Report warns that “the UK is currently losing the...more