Article summary
Senior representatives from the UK and international governments participated in the International Anti-Corruption Conference on 6 December 2022 to discuss the need to continue to fight illicit finance and corruption. According to the Foreign, Commonwealth & Development Office, the UK’s response is overseen by Minister for Security, Tom Tugendhat, and includes the Economic Crime and Corporate Transparency Bill, which is currently going through Parliament. The Act builds on the Economic Crime (Transparency and Enforcement) Act 2022 (EC(TE)A 2022) and intends to crack down on financial criminals and terrorists, reform Companies House to prevent abuse of limited partnerships, and provide further powers to tackle money laundering and seize crypto assets.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial