By Gillian Sproul on Posted in Brexit,EU Withdrawal Agreement,GT Alert,No-deal BrexitBrexit has driven fault lines through British politics as seen at no time since the 1680s. Fervent ‘leavers’ and fervent ‘remainers’ can be found in both of the main political parties, although most favour various compromise options in between. This is reflected in the composition of the UK Parliament and has resulted in an impasse,… Continue Reading
By Gillian Sproul on Posted in Brexit,GT AlertThe UK’s new prime minister, Boris Johnson, will take office on 24 July 2019, just over three months before the UK is due to leave the EU, on 31 October 2019. When the UK voted to leave the EU in June 2016, few predicted that Brexit would not yet be achieved over three years later.… Continue Reading
By Anne-Marie Ottaway, Barry Vitou and Gareth R. Hall on Posted in GT Alert,Serious Fraud Office,White collarOn 30 May 2019 the SFO issued a press release announcing that Carol Ann Hodson, the former director and owner of a company named ALCA Fasteners Ltd (ALCA), pleaded guilty to paying bribes amounting to £300,000 in order to secure contracts worth £12m. The bribes were paid to purchasing manager1 of a German company over the… Continue Reading
By Anne-Marie Ottaway, Barry Vitou and Gareth R. Hall on Posted in criminal law,GT Alert,Proceeds of Crime Act,White collarIt is widely thought that proceedings under the Proceeds of ‘Crime’ Act, such as confiscation, are intended to obtain the money someone makes from committing a crime. So, the thinking goes, if a person is convicted of fraud having made £100,000 from the crime, then those funds can be confiscated by the courts. While this… Continue Reading
By Anne-Marie Ottaway, Barry Vitou and Gareth R. Hall on Posted in GT Alert,White collarSpeaking on 4 April 2019, the head of enforcement for the UK FCA, Mark Steward, warned those subject to the UK’s anti-money laundering regulations that ‘it is time that the FCA gave effect to the full intention of the Money-Laundering Regulations which provides for criminal prosecutions’. He added: ‘[The FCA is] now conducting ‘dual track’ AML investigations,… Continue Reading
By Gillian Sproul on Posted in Brexit,GT AlertIn the early hours of 11 April 2019, Brexit date was extended again, this time to 31 October 2019. The original Brexit date was 29 March, two years from the date on which the UK gave the EU notice of its intention to leave the EU. Then on 22 March, the EU and UK agreed to… Continue Reading
