Clyde & Co’s Post

New SFO Fraud Powers Face Crucial Parliamentary Test A new bill set to tackle the U.K.'s fraud epidemic could strengthen prosecutors' hands by reforming key aspects of corporate criminal law that have dogged Britain's fight against fraud for years. But first the fight against dirty money must survive Parliament. The question isn't whether Britain's white-collar crime enforcers will get new tools to fight fraud, bribery and corruption, but just how far lawmakers are willing to expand their powers. With the House of Commons due to weigh in on amendments made by the House of Lords to the Economic Crime and Corporate Transparency Bill on Monday, Law360 looks at the key provisions to see which measures are on the chopping block and what legal changes are likely to survive. To read the full article, visit Law360 UK

Join LexisNexis for this no-cost webinar to learn more about key resources that will guide you through some of the key pre-litigation concepts and issues you should consider before commencing a lawsuit in federal court. Save your spot: https://bit.ly/47AM0mb The session will include practical guidance for evaluating the client, determining the viability of potential claims and defenses, establishing a document retention protocol, preserving evidence, and issuing a litigation hold. #LexisNexis #litigation #civillitigation #legalwebinar

Top City law firms face allegations of money laundering https://lnkd.in/eijMppJ9 This appears to be a concerted focus of scrutiny on this segment of business. Somewhat misleading heading however, suggesting an active enterprise but fee led earning potential often blindsides the requirement to conduct the most basic checks on SOF and to implement adequate checks and controls due to a deficient governance structure.

Join LexisNexis for this no-cost webinar to learn more about key resources that will guide you through some of the key pre-litigation concepts and issues you should consider before commencing a lawsuit in federal court. Save your spot: https://bit.ly/47AM0mb The session will include practical guidance for evaluating the client, determining the viability of potential claims and defenses, establishing a document retention protocol, preserving evidence, and issuing a litigation hold. #LexisNexis #litigation #civillitigation #legalwebinar

Join LexisNexis for this no-cost webinar to learn more about key resources that will guide you through some of the key pre-litigation concepts and issues you should consider before commencing a lawsuit in federal court. Save your spot: https://bit.ly/47AM0mb The session will include practical guidance for evaluating the client, determining the viability of potential claims and defenses, establishing a document retention protocol, preserving evidence, and issuing a litigation hold. #LexisNexis #litigation #civillitigation #legalwebinar

The Corporate Transparency Act (CTA) is now in effect as of January 1, 2024. Here's what you need to know: Who Must File: Most LLCs, corporations, general partnerships, and foreign entities with a U.S. presence. Deadlines: -Pre-2024 entities: File by December 31, 2024. -2024 entities: File within 90 days. -2025 and later: File within 30 days. Beneficial Owners: Individuals with substantial control or 25% ownership. Penalties: Non-compliance or false reporting can lead to fines up to $5,000 per day and imprisonment. Contact Executive Legal at 919.480.3028 for NC legal guidance. #CorporateTransparencyAct #CTA #LegalCompliance #ExecutiveLegal #NCBusinessLaw

Law360 published an assessment by Matthew Cowie of how the newly-elected Labour administration may tackle financial crime. In his piece, he details priorities such as raising revenue and recovering the proceeds of crime, combating kleptocracy and its enablers, ensuring greater transparency from UK corporates, tackling “dirty money’’, and creation of a COVID-19 fraud commissioner. Matthew adds that further rounds of sanctions and maximising the enforcement of outstanding tax revenue are also likely. Guidelines on the "reasonable procedures" defence to the failure to prevent fraud offence introduced by the Economic Crime and Corporate Transparency Act 2023 and overseeing the passing into law of the Criminal Justice Bill (which would widen the scope of corporate liability) are also options for the new government. https://shorturl.at/XdtDe #labour #government #hmrc #legal #law #lawfirm

Offshore trust attorneys have a responsibility to uphold ethical standards and prioritize the greater good over personal gain #assetprotection #offshoretrust #lawsuits #cookislandstrust #assetprotectiontrust #offshorebanking #nevistrusts #swissbanking

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) receives Royal Assent. Discover the changes in our latest blog. 👇 #corporatelaw #commerciallaw

The Economic Crime and Corporate Transparency Act 2023 received Royal Assent at the end of October. The Act signifies the most important development in criminal liability for UK companies in the last decade. Our upcoming webinar discusses the impact these changes will have for law firms - join our panel of experts as they navigate the intricacies of these provisions of #ECCTA, offering a clear overview of what law firms need to know now and what to look out for - register here 🔗 : https://lnkd.in/eesiYBGJ Read our blog by Louise Hodges and Phil Taylor for more information on the new act: https://lnkd.in/e_PYPetW #legalwebinar #economiccrimeandcorporatetransparencyact #corporatecrime #criminallitigation