Regulatory

John Binns writes for Thomson Reuters discussing cannabis and money laundering

Public attitudes toward cannabis have changed in recent years, however the UK law, has lagged, which paired with the requirements imposed by the UK’s money laundering laws on the regulated sector may result that the legitimate transactions may be turned away or blocked unnecessarily. BCL partner John Binns writes for Thomson Reuters discussing the challenges the cannabis and cannabidiol industry may present for those charged with identifying and reporting money laundry.

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BCL’s Julian Hayes and Andrew Watson discuss the NIS Regulations with The Barrister Magazine

BCL’s Julian Hayes and Andrew Watson’s article ‘’Preparing for the worst but operating at our best – Reform of the NIS Regulations’’ has been published by The Barrister. In the article they discuss the regulations and look into the challenges for the reforms in the face of increased online threats.

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John Binns writes for Thomson Reuters discussing crypto-assets under the Proceeds of Crime Act 2002

While crypto-assets are intangible, they can still be considered as ‘’property’’ and their value fluctuates significantly. They can also be used to commit fraud, to evade tax, to breach or circumvent financial sanctions, or to launder money. All of this means that they may have relevance to any of the various parts of Proceeds of Crime Act 2002.  BCL partner John Binns writes for Thomson Reuters exploring if crypto-assets can be seized under Proceeds of Crime Act 2002.

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“Preparing for the worst but operating at our best” – Reform of the NIS Regulations

With cybercrime rates doubling since 2019, and ransomware tripling since 2020, the UK government is seeking to bolster the nation’s cyber defences, publishing the National Cyber Strategy 2022 and enhancing the four-year-old Network and Information Systems Regulations (‘NIS Regulations’). BCL’s Julian Hayes and Andrew Watson discuss the NIS regulations and look into the challenges for the reforms of the NIS regulations in the face of increased online threats.

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