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.
Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.
Francesca’s experience of top-level, multinational corporate crime investigations and her ability to identify the best route for clients has made her the first choice of many high net worth individuals, senior business figures and professionals.
She is sought by corporates for advice and representation on compliance matters; including responding to whistleblower complaints and conducting internal investigations and risk assessments.