News & Insights
Chambers & Partners have now published the 2019 edition of their High Net Worth (HNW) Guide and BCL has been top-ranked (Band 1) in Financial Crime: High Net Worth Individuals – UK, with six partners identified as leading individuals and ranked as follows:
Just over a year since the Data Protection Act 2018 (DPA 2018) set new standards for protecting personal data in accordance with the General Data Protection Regulation (GDPR), the Information Commissioner’s Office (ICO) has announced its intention to issue its first penalty fines under the new regime. The ICO intends to impose an eye watering £183m fine for a data breach on the ‘world’s favourite airline’ British Airways (BA) and £99m on Marriott, an international hotel group.
The government’s recent response to the House of Commons’ Treasury Select Committee report, ‘Economic Crime – Anti-Money Laundering Supervision and Sanctions Implementation’, provides some pointers for future policy initiatives in this area. These will be of particular interest to businesses in the property sector, others currently supervised by HMRC, and those on the receiving end of banks’ policies of ‘de-risking’.