The following Corporate Crime practice note provides comprehensive and up to date legal information covering:
The Criminal Finances Act 2017 (CFA 2017) received Royal Assent on 27 April 2017 and made various changes to Part 5 of the Proceeds of Crime Act 2002 (POCA 2002) including:
CFA 2017, s 14 inserted three new items to the list of items that may be seized under POCA 2002, s 289(6)—betting slips, gaming vouchers and fixed-value casino tokens. Gaming vouchers are vouchers in physical form issued by a gaming machine, which represent a right to be paid the amount stated on it. Fixed-value casino tokens are tokens that are issued by a casino that represent a right to be paid the value stated on them and betting slips are receipts in physical form that represent a right to be paid an amount in respect of a bet placed with a person holding a betting licence. This provision came into force on 16 April 2018
CFA 2017, s 15 inserted a new Chapter 3A into POCA 2002, Pt 5 which creates new civil powers, similar to the existing cash seizure and forfeiture scheme, to enable the forfeiture of items of personal property, like precious metals and jewels, see Practice Note: Recovery of listed assets under the Proceeds of Crime Act 2002. The list of assets which are specified in the new section of POCA 2002 (POCA 2002, s 303B), can be
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The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
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