Time for boldness: Cracking the code on the Economic Crime Bill 2.0

The Economic Crime Bill is focusing on three or four major issues. The panelist will address three of those issues: Companies House reform, Private Sector Information Sharing and range of law enforcement powers.

The geopolitical and macroeconomic events of 2022 have provided ample evidence of the breadth of FinCrime operating across the global, as well as some of the loopholes in Britain’s fight against economic crime.

Although the speedy passing of the UK Economic Crime (Transparency and Enforcement) Act 2022 in March was intended to tackle certain elements of economic crime and sanctions evasion, it didn’t go far enough to tackle the trickier aspects of curbing money laundering in the UK, driving the need for the Economic Crime Bill 2.0.

The proposed changes to the Bill, expected in the later part of 2022, are designed to cover key policy developments affecting accountancy firms, expanding Company House reform and enabling the financial sector to share information more effectively to prevent and detect economic crime.

Will this be enough?

Learning objectives:

The webinar covers the following points:

• The details of the proposed UK Economic Crime Bill 2.0 and what’s missing to propel the UK
  forward in combating economic crime
• How it can work alongside other regulatory changes, such of those of the EU and the USA
• The expectations of the Economic Crime Plan 2.0 to carry out the 2.0 Bill, and address future
  needs.

Speakers

Moderator
Nick van Benschoten

Director International Illicit Finance

UK Finance

Charmian Simmons

Financial Crime and Compliance Expert

BAE Systems Digital Intelligence

Helena Wood

Senior Research Fellow

The Royal United Services Institute (RUSI)

Christopher David

Director, White Collar Crime

Clifford Chance LLP