News & Insights

John Binns writes for Money Laundering Bulletin discussing the Register of Overseas Entities

As of 1 August 2022, beneficial owners of overseas entities that purchase a property in the UK must be identified by a verification agent, regulated under the Money Laundering Regulations. BCL’s John Binns writes for Money Laundering Bulletin discussing the interplay of the new obligations with an existing registration, and whether ineffective implementation could prove counterproductive.

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BCL’s Richard Sallybanks attends GIR Live: Global Forum in Lisbon

The long awaited inaugural Global Investigations Review Live: Global Forum in Lisbon is taking place from 14- 16 September 2022 and BCL are very proud to be one of its sponsors. Across two-days, leading advisors from the world of investigations and corporate risk will explore the latest best practice and insight on current and emerging trends in the global enforcement arena. On day one BCL partner Richard Sallybanks will be joining a panel discussing effective strategies to stay ahead in the evolving area of cross border investigations.

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Business as usual or storms on the horizon? A mid-year review looking at the Serious Fraud Office’s achievements and upcoming pressure points for 2022

In this article Shula de Jersey and Matt Davies provide a brief mid-year update looking at what the Serious Fraud Office (“SFO”) has achieved so far this year and what is on its plate for the rest of the year.

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Online safety: the encryption dilemma – trade-offs

From e-commerce and video-conferencing to messaging friends and colleagues, we take the encryption, and thus the security, of our digital communications for granted. However, while it ensures our privacy, it is also exploited by criminals to evade detection, for example those plotting terrorist atrocities or exchanging child sexual exploitation and abuse material (CSEA). The dilemma – whether to maintain privacy or tackle crime facilitated online – underlies the opposing and often stridently expressed views about encryption. As messaging platforms roll-out end-to-end encryption (E2EE), where not even service providers can decipher messages sent over their systems, law enforcement agencies have sought to preserve their covert ability to observe our communications. The UK’s latest proposals, in amendments to the government’s flagship Online Safety Bill, have aroused fierce industry and privacy group opposition. The ongoing difficulty in resolving the privacy versus safety conundrum in part arises from a failure to level with the public about the trade-offs involved.

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