Renewed aim: criminal finances and transparency

Charles Thomson (+44 (0)20 7919 1879, charles.thomson@bakermckenzie.com)is a partner and Tim Cochrane (+44 20 7919 1184, tim.cochrane@bakermckenzie.com) and Ben Ko (+44 (0)20 7919 1733, ben.ko@bakermckenzie.com) are associates in the Business Crime Unit at Baker & McKenzie in London.

More than a decade after the Proceeds of Crime Act 2002 took effect, the UK Government has embarked on a full-scale upgrade of the legislative arsenal against financial crime, including new unexplained wealth orders, a failure to prevent facilitation of tax evasion offence and beneficial ownership registers, for companies and trusts. Charles Thomson, Tim Cochrane and Ben Ko of Baker & McKenzie inspect the new ordnance on its way through Parliament.