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
Orwins—Maryam Abbasi
Senior associate joins family law team in London
Tees Law—Stephen Williams
Firm appoints chief financial officer as it expands Essex office footprint
Winckworth Sherwood—David Fendt
Restructuring and insolvency practice strengthened by partner hire
NEWS
Some employment law controversies never disappear—they merely lie dormant
A landmark ruling has delivered the first judicial application of the UK’s anti-SLAPP regime and provided fresh guidance on abusive litigation
Pastries may be in the firing line while kebabs escape scrutiny, but the reality is far more nuanced
The fallout from Lord Mandelson’s appointment and dismissal as UK ambassador to Washington raises profound questions about constitutional governance, accountability and political appointments
Artificial intelligence (AI) is transforming legal practice, but its successful adoption depends as much on culture as technology
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