On 19 July 2023, the UK government published proposed significant amendments to the Companies Act 2006, which would impose greater reporting requirements on large companies, including a requirement to report on material fraud. Coupled with the new failure to prevent fraud offence which we expect to come into force next year (see more here)
On 3 October 2022, the Data Access Agreement (DAA) between the UK and US (see our earlier blog here) came into force. In this blog post we look at this landmark agreement and consider its impact.
What is the US-UK Data Access Agreement?
Under the new agreement, on receipt of a qualifying
In this post, we summarise the new Economic Crime and Corporate Transparency Bill (the Bill) which was published on 22 September 2022 and the significant reform proposed to the role of Companies House. The Bill proposes giving Companies House improved investigation and enforcement powers and makes changes to strengthen regulators’ powers to seize and detain
In recent years, the UK government has been seeking to tackle ever-growing financial crime and money laundering.
In this post, we summarise the Economic Crime and Corporate Transparency Bill (the Bill) published on 22 September 2022 as well the expansion of the Serious Fraud Office’s (SFO) investigative powers under the Bill in an effort to