Fighting economic crime – will legislation turn the tide?
In this article for Thomson Reuters Regulatory Intelligence, Jonathan Tickner and Caroline Timoney discuss the first and second Economic Crime Bills. The first received Royal Assent in March 2022 and the second was announced in the Queen’s speech in May.
The article outlines the history behind each bill, what they cover and why two pieces of legislation would be needed and provide an effective framework to counter fraud.
It also asks whether the legislation will be sufficient to transform the landscape and what the reaction has been so far.
Please note that the article is behind a paywall.