Publication of the Criminal Finances Bill 2016-17
The Criminal Finances Bill 2016-17 (the "Bill") was
presented to Parliament and had its first reading in the House of Commons on
Thursday 13th October. In a press release on the same day, the Home
Office stated that the new legislation is designed to "tackle money laundering and
corruption, recover the proceeds of crime and counter terrorist financing".
The Bill is divided into four parts: Part 1 adds new powers for enforcement
agencies under the Proceeds of Crime Act 2002 ("PoCA"); Part 2 makes
changes to existing anti-terrorism legislation; Part 3 makes provision for two
new corporate offences of "failure
to prevent facilitation of tax evasion" and Part 4 includes
minor and consequential amendments to PoCA.
Below, we set out a brief introduction to the Bill, highlighting
certain key areas of interest. Further briefings providing more detail on
some of these areas will follow in the coming weeks.
- Cyber Security News
- Financial Conduct Authority News
- HM Treasury
- News
- The Institute Member Meeting - March 16, 2023
- Introducing AGENDA: The New Digital Member Publication for The Institute
- The Institute Digest 21/2/23
- The Institute Digest 14/2/23
- The Institute Digest 7/2/23
- The Institute Digest 30/1/23
- The Institute Digest 24/1/23
- The Institute Digest 16/1/23
- The Institute Digest 11/1/23
- The Institute Digest 14/12/22
- The Institute Digest 1/12/22
- The Institute Digest 23/11/22
- The Institute Digest 14/11/22
- The Institute Digest 6/11/22
- The Institute Digest 02/11/22
- The Institute Digest 27/10/22
- The Institute Digest 15/9/22
- Report on The Institute Meeting: September 2022
- The Institute Digest 7/9/22
- The Institute Digest (Bank Holiday Edition) 29/8/22
- The Institute Digest 22/8/22
- Annual Conference 2022 - Sponsor Update
- The Institute Digest 16/8/22
- The Institute Digest 12/8/22
- The Institute Digest 10/8/22
- Annual Conference 2022 - Speaker Update
- The Institute Digest 27/7/22
- The Institute Digest 22/7/22
- The Institute Digest 19/7/22
- The Institute Digest 14/7/22
- The Institute Digest 12/7/22
- Upcoming EMIR Margin Rules
- Potential reform of corporate criminal liability for economic crime
- ICO: Can you afford a data breach?
- ICA Information Sessions
- Publication of the Criminal Finances Bill 2016-17
- Managers' Transactions – Restrictions and Notification Requirements
- Implementing MLD4: Treasury consults
- Callcredit Fraud Summit
- 2017 IMLPO Annual Conference - 9th & 10th May 2017
- Serious Fraud Office secures second Deferred Prosecution Agreement
- Predictive coding ordered despite party’s objections
- MAR MONDAY
- EU extends Russian sectoral sanctions
- 2017 Member Meetings
- DOJ announces new FCPA pilot program to promote self-reporting
- OFAC issues regulations implementing new sanctions targeting Hizballah
- French anti-corruption developments: Sapin II law proposes new anti-corruption rules for businesses
- Sanctions update – creation of Office of Financial Sanctions Implementation and changes to UK financial sanctions regime
- Recent developments in Scottish and English bribery enforcement
- No Suremime-type duty of care owed directly to customer in connection with past business review
- Final ESMA Guidelines on UCITS V remuneration provisions: ESMA addresses the application of the proportionality principle under UCITS V and AIFMD
- Corporate Crime Monthly Update March 2016