New legislation to tackle money laundering and other financial fraud came into force last week in the shape of the Criminal Finances Act 2017, but how effective will it be? Writing in NLJ this week, Jonathan Fisher QC and Anita Clifford cast a critical eye over the new arrangements, highlighting the practical impact on lawyers, estate agents and financial sector professionals. Two significant changes are the new ability to share suspicions between regulated persons and for a court to extend the ‘no action’ period when a Suspicious Activity Report—but how this will work in practice is uncertain (see Suspicions, privacy & money laundering).
20 October 2017
Suspicions, privacy & money laundering
MOVERS & SHAKERS
Ward Hadaway—19 promotions
19 promotions across national offices, including two new partners
Brabners—Ruth Hargreaves
Partner promoted to head of corporate team
Slater Heelis—Liam Hall, Jordan Bear & Joe Madigan
Chester office expansion accelerates with triple appointment
NEWS
The Court of Appeal’s decision in Mazur v Charles Russell Speechlys has reignited debate over what exactly counts as the ‘conduct of litigation’ in modern legal practice
A controversial High Court financial remedies ruling has reignited debate over secrecy, non-disclosure and fairness in divorce proceedings involving hidden wealth
Britain’s deferred prosecution agreement regime is undergoing a significant shift, with prosecutors placing renewed emphasis on corporate cooperation, reform and early self-reporting
The High Court has upheld the Metropolitan Police’s live facial recognition policy, rejecting claims that its deployment unlawfully interferes with privacy and protest rights
As AI chatbots increasingly provide legal and commercial advice, English law is beginning to confront who should bear responsibility when automated systems get things wrong
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