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The UK Government has published the final guidance on the new corporate offences of Failure to Prevent the Criminal Facilitation of Tax Evasion, contained in Part 3 of the Criminal Finances Act 2017, which will come into force on 30 September 2017. The Guidance is different from the draft guidance that was published in 2016, and these changes are visible in this comparison document. Notably there is a new example of the offence involving…
In March and May 2017 the Joint Money Laundering Steering Group (JMLSG) published for consultation proposed revisions to its guidance in order to align it with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. In addition, in June 2017 the JMLSG proposed revisions to its sectoral guidance on electronic money. Our blogs are here, here and here.…
The Government has laid before Parliament The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017 No. 692), which will come into force on Monday, 26 June 2017.…