On 17 February 2022, the Home Office scrapped the UK’s Tier 1 Investor visa route (‘golden visas’) without formal notice and with immediate effect. This decision is welcome – last...
Economic crime – which includes corruption, bribery, money laundering and fraud – poses a major risk to the UK’s national security, corrupts financial institutions and markets, reduces economic performance and...
In light of the depth of concern at the government’s handling of conflict of interest issues, the new procurement policy note represents a useful clarification of the existing rules and policy frameworks. Disappointingly, it only introduces minor changes that fall far short of what is needed to fix what is clearly a broken system.
Account Freezing Orders (AFO) were introduced in the UK in the 2017 Criminal Finances Act, alongside Unexplained Wealth Orders (UWOs), as a new measure designed to tackle illicit finance. While receiving far less attention than their glitzy sister order, AFOs are emerging as the preferred tool for law enforcement to freeze and recover corrupt assets in a relatively straightforward and cost-effective way.
UK needs much stronger rules to prevent new chumocracy scandals. Post-Brexit procurement reform is an opportunity to create a tough national strategy drawing on best practice from US & Canada. 28 January 2021
Parliamentary briefing on adding an ammendment to the Financial Services Bill to create a new corporate criminal offence for facilitating or failing to prevent economic crime
