The Serious Fraud Office ("SFO") is in a robust, and collaborative, mood. Three months after jointly announcing the formation of a new International Anti-Corruption Prosecutorial Taskforce (the "Taskforce"), the UK's premier...more
The UK Supreme Court has handed down its decision in El-Khouri (Appellant) v Government of the United States of America (Respondent).
Amongst other things, the judgement has overturned the often-criticised Court of Appeal...more
The UK's capital markets are a vital economic driver, and also a significant source of money laundering risk. This is a difficult area of risk for regulators and law enforcement to understand and tackle, but progress is being...more
1/29/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Capital Markets ,
Compliance ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
Money Laundering ,
Risk Management ,
Suspicious Activity Reports (SARs) ,
Technology Sector ,
UK
Previously, where a country needed assistance from law enforcement in another jurisdiction to investigate and prosecute criminal offences, it would have to go through the notoriously slow and often fruitless process of...more
As Coco Chanel once said: "Fashion changes, but style endures." And "endurance" has been a key word for the global luxury goods sector in recent years; it has seen exceptional growth in defiance of high interest rates,...more
The long-awaited Economic Crime and Corporate Transparency Act received Royal Assent on 26 October. This represents a significant turning point for the law on corporate criminal liability in the UK, and has been welcomed by...more
11/10/2023
/ Corporate Counsel ,
Corporate Crimes ,
Corporate Entities ,
Corporate Governance ,
Corporate Transparency Act ,
Criminal Liability ,
Failure to Prevent ,
Financial Crimes ,
Fraud ,
Investigations ,
Regulatory Agenda ,
UK ,
UK Bribery Act ,
White Collar Crimes
After several years of discussion and consultation, the UK Government now appears to be close to reforming the law on corporate criminal liability via the Economic Crime and Corporate Transparency Bill. These changes, if...more
Financial crime flourishes in a downturn, and the mining & metals sector is not immune to it. The sector faces a number of industry-specific risks, and will need to react to the ensuing likely surge in enforcement activity....more
9/27/2022
/ Bribery ,
Capital Markets ,
Corporate Counsel ,
Corporate Crimes ,
Disclosure ,
Enforcement Actions ,
Financial Crimes ,
Fraud ,
Metals ,
Mining ,
Risk Factors
Earlier this summer, the Law Commission published its long awaited proposals on reforming corporate criminal liability in England and Wales (the "Options Paper"), following the launch of its discussion paper in June 2021....more
There is no doubt 2022 has signalled a renewed focus on beneficial ownership transparency. White & Case partners Jonah Anderson and Anneka Randhawa, and associate Laura Higgins have collaborated with Hannah Lilley and Michael...more
4/5/2022
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Disclosure ,
Economic Sanctions ,
EU ,
FATF ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
UK
On 1 March 2022, the UK Government introduced into Parliament the Economic Crime (Transparency and Enforcement) Bill (the "Bill"). The draft legislation contains a number of measures designed to increase transparency and give...more
Much has been made of the Supreme Court's decision earlier this month in KBR, Inc. v Director of the Serious Fraud Office, in which it confirmed the limits on UK authorities' reach overseas in anti-corruption investigations....more
2/24/2021
/ Criminal Investigations ,
Criminal Justice Act ,
Extraterritoriality Rules ,
Financial Crimes ,
Foreign Corporations ,
Foreign Jurisdictions ,
KBR (formerly Kellogg Brown & Root) ,
Multinationals ,
Serious Fraud Office (SFO) ,
UK ,
UK Supreme Court