A crisis can take many different forms. Depending upon the nature of the business in question, a crisis can mean a crippling cyber-attack, material fraudulent activity coming to light, a whistleblower raising serious allegations of impropriety, or something else entirely that is unique to the business.
Economic Crime (Transparency and Enforcement) Act 2022: Nowhere to Hide
The Economic Crime (Transparency and Enforcement) Act 2022 has received Royal Assent. The intention of the act is to crack down on illicit finance and expand the UK Government’s ability to monitor and disrupt those individuals engaged in money laundering or sanction evasion related activities. This post considers the key features of the new legislation.