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07 June 2024 / Satnam Tumani
Issue: 8074 / Categories: Opinion , Fraud , Criminal , Commercial
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All change at the top

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Satnam Tumani anticipates a more focused approach to tackling financial wrongdoings

Various changes have taken place at the top of the leading white collar enforcement agencies. Nick Ephgrave was recently appointed director of the Serious Fraud Office (SFO), Therese Chambers and Steve Smart were appointed to head up the Financial Conduct Authority’s (FCA) enforcement division, and Stephen Parkinson has taken over as Director of Public Prosecutions (DPP). Following the general election on 4 July, the UK will have a new government, with Sir Keir Starmer currently in pole position to become the next prime minster.

In my experience a change of political colour at the top often leads to a change in focus for the various financial crime enforcement agencies. This dynamic may be amplified this time around by dint of three reasons.

First, Sir Keir is a former DPP. Second, there appears to be great appetite for change, albeit little appetite for spending public money in the pursuit of that change. Third, we may not have seen the

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MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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