Last week saw the implementation of the U.K.’s long-awaited “Register of Overseas Entities,” a cornerstone of the government’s Economic Crime Act. But what is “economic crime” and why has the U.K. been moved to legislate against it? In February, as countries around the world began...
The U.K. government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.” The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and...
June 22, 2023
British banks are reportedly testing ways to share data to prevent money laundering and terrorism financing. Six or more banks are preparing to participate in two pilot programs that may be launched in October if an economic crime and corporate transparency bill becomes law, Reuters reported Wednesday (June 21), citing unnamed sources. In one pilot, […]
July 16, 2019
The U.K. government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.” The Economic Crime Plan from H.M. Treasury and the Home Office wants to...
