Money Laundering

london corporates legal advice

The new ‘Economic Crime’ levy: What it means for your business.

The government announced in its latest budget plans to introduce a new £100m levy on companies to fight economic crimes. The money garnered from companies could be used to boost public financing of law enforcement technology and in hiring more prosecutors and investigators. The new levy has the potential to affect big corporates, banks, investment firms, accounting firms, estate agents, independent legal advisors, casinos, trust service providers and any financial institution subject to UK Money Laundering Regulations.

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Sanctions, Frozen Assets, Disclosure Risks – The Responsibilities Corporates Have Under Law

BCL partner, John Binns writes for The Treasurer explaining that an awareness of financial crime and the responsibilities corporates have under law is an essential part of risk management.

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John Binns Explains The UK’s Version Of The Magnitsky Provisions & Why They Are Unclear

BCL partner, John Binns explains in his latest article for Open Access Government the provisions inspired by the US’ Global Magnitsky Act to two pieces of UK legislation – the Proceeds of Crime Act 2002 (POCA) and the Sanctions & Anti-Money Laundering Act 2018 (SAMLA).

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restraint orders proceeds of crime

Restraint Orders: What To Do When Your Assets Are Frozen

For many people who receive or are served with a Crown Court Restraint Order, this will be the first time they have had anything to do with the criminal justice system. In some circumstances it will follow swiftly on from an arrest and/or the execution of a search warrant of their home or business premises, and may have been accompanied by the seizure of cash or property. In others it will simply come alone and without warning, complete with a penal notice to warn the recipient of dire consequences of any failure to comply.

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