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.
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.
2025-08-22T19:05:00Z By Adrianne Appel
Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.
2025-08-18T17:44:00Z By Aly McDevitt
The U.S. Department of Justice has filed two lawsuits against the California Air Resources Board, claiming it no longer has the legal right to enforce strict emissions rules for heavy-duty trucks.
2025-08-14T15:13:00Z By Ruth Prickett
Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.
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