Azizur Rahman | 1 May 2023
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A detailed examination by Aziz Rahman and Francesca Cassidy-Taylor of the UK’s Economic Crime and Transparency Bill has been published by Compliance, Ethics and Sustainability Journal.
The in-depth article explains how the Bill follows on from the Economic Crime (Transparency and Enforcement) Act.
Their piece details the Bill’s main features, which include Companies House reform, measures to tackle the misuse of limited partnerships, enhanced powers to combat money laundering and seize cryptoassets linked to criminal activity, and the creation of the offence of failure to prevent economic crime.
Aziz and Francesca outline the Bill’s compliance implications and the impact it could have beyond the UK’s borders.
They conclude that while the Bill is some distance from becoming law, when it does so its effect will be sizeable and far-reaching.
The article can be read here.
Featured at: Compliance, Ethics and Sustainability Journal
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