- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-09-27T13:54:00
The U.K. government said it wants to give Companies House more power and resources to help combat money laundering.
The Economic Crime and Corporate Transparency Bill aims to stem the flow of dirty money coming into the United Kingdom. The bill would give the organization—which provides a public register of businesses, their accounts, and their directors—new powers to “check, challenge, and decline” false information when new companies are set up.
Companies House’s investigation and enforcement powers would also be beefed up, enabling it to cross-check data with other organizations and report suspicious activity to security agencies and law enforcement, the U.K. government stated in a Sept. 22 press release.
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2024-08-06T16:54:00Z By Adrianne Appel
Nearly all but a tiny minority of financial institutions saw their costs of financial crime compliance rise in 2023, a survey by LexisNexis and Oxford Economics found.
2023-11-24T15:14:00Z By Neil Hodge
The success of the U.K.’s latest legislative efforts to tackle financial crime depends on the capability of transforming what is often regarded as one of the country’s most passive regulators into a proactive—even aggressive—prosecuting authority.
2023-10-26T19:07:00Z By Kyle Brasseur
The United Kingdom adopted the Economic Crime and Corporate Transparency Act, which aims to stem the flow of dirty money coming into the country through enhancements to government agency capabilities and law enforcement.
2025-05-19T14:33:00Z By Adrianne Appel
The Department of Justice (DOJ) has shuttered a special Federal Bureau of Investigation (FBI) unit that focused on public corruption and whose legwork led to the special counsel investigation of President Donald Trump for trying to overturn the 2020 election results.
2025-05-19T14:09:00Z By Aaron Nicodemus
The Trump administration is preparing to ask the European Union to alter or water down its rules on content moderation on social media, claiming that they hurt the competitiveness of American technology companies.
2025-05-16T12:20:00Z By Adrianne Appel
The Consumer Financial Protection Bureau has pulled back a draft privacy rule that would have required businesses to take more steps before selling consumers’ financial and personal data.
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