Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence Season 6, Episode 2: the UK Economic and Corporate Transparency Bill
Oct 27, 2022
27:44
This episode examines the UK Economic Crime and Corporate Transparency Bill, now before the House of Commons. The legislation is the second part of the government's economic crime plan, announced under the then Cameron government, and which was given fresh impetus by Russia's invasion of Ukraine and a determination to crack down on dirty and kleptocratic money in London.
In this episode of Compliance Clarified, Alexander Robson, global managing editor, Regulatory Intelligence, is joined by Helen Parry, senior regulatory intelligence expert, and Rachel Wolcott, senior reporter. They assess the implications of the bill for anti-money laundering professionals, the powers of the National Crime Agency, the Serious Fraud Office, and the crucial role of Companies House, the UK corporate registry, in identify verification.
Links to content referenced in the discussion:
Timetable: https://bills.parliament.uk/bills/3339
Committee information https://committees.parliament.uk/committee/618/economic-crime-and-corporate-transparency-bill-programming-sub-committee/
https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-bill-2022-factsheets
https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-bill-2022-impact-assessments?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=94c70d27-d4bd-43b9-847d-949d0a95fc18&utm_content=immediately
Parliament TV for October 25. Committee https://www.parliamentlive.tv/Event/Index/c77273cd-ad46-44e9-b51c-acd0220411b6
Regulatory Intelligence links (subscription needed)
COLUMN: Money laundering, enhanced due diligence and high-risk countries — increasingly demanding compliance requirements
http://go-ri.tr.com/TGQm4w
COLUMN: Economic Crime and Corporate Transparency Bill – a new fishing licence for the National Crime Agency?
http://go-ri.tr.com/0gjw3S
COLUMN: Economic Crime and Corporate Transparency Bill – thresholds, ring fencing and defence against money laundering SARs
http://go-ri.tr.com/VZsc3b
The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance officers in financial services firms.
The series has been designed to help compliance officers make sense of the often-challenging world of financial services regulation, which is now overlaid with expectations not found in the black and white of any rulebook. The role and remit of the compliance officer is ever-growing, and senior compliance officers have had to become polymaths, mastering not only detailed subject matter expertise but also the qualitative mysteries of culture and conduct risk.
Compliance Clarified covers the hot topics of the day and the challenges they bring, and aims to offer up practical ideas for emerging good practice.
In this episode of Compliance Clarified, Alexander Robson, global managing editor, Regulatory Intelligence, is joined by Helen Parry, senior regulatory intelligence expert, and Rachel Wolcott, senior reporter. They assess the implications of the bill for anti-money laundering professionals, the powers of the National Crime Agency, the Serious Fraud Office, and the crucial role of Companies House, the UK corporate registry, in identify verification.
Links to content referenced in the discussion:
Timetable: https://bills.parliament.uk/bills/3339
Committee information https://committees.parliament.uk/committee/618/economic-crime-and-corporate-transparency-bill-programming-sub-committee/
https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-bill-2022-factsheets
https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-bill-2022-impact-assessments?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=94c70d27-d4bd-43b9-847d-949d0a95fc18&utm_content=immediately
Parliament TV for October 25. Committee https://www.parliamentlive.tv/Event/Index/c77273cd-ad46-44e9-b51c-acd0220411b6
Regulatory Intelligence links (subscription needed)
COLUMN: Money laundering, enhanced due diligence and high-risk countries — increasingly demanding compliance requirements
http://go-ri.tr.com/TGQm4w
COLUMN: Economic Crime and Corporate Transparency Bill – a new fishing licence for the National Crime Agency?
http://go-ri.tr.com/0gjw3S
COLUMN: Economic Crime and Corporate Transparency Bill – thresholds, ring fencing and defence against money laundering SARs
http://go-ri.tr.com/VZsc3b
The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance officers in financial services firms.
The series has been designed to help compliance officers make sense of the often-challenging world of financial services regulation, which is now overlaid with expectations not found in the black and white of any rulebook. The role and remit of the compliance officer is ever-growing, and senior compliance officers have had to become polymaths, mastering not only detailed subject matter expertise but also the qualitative mysteries of culture and conduct risk.
Compliance Clarified covers the hot topics of the day and the challenges they bring, and aims to offer up practical ideas for emerging good practice.