Ben Ticehurst

Subscribe to all posts by Ben Ticehurst

Account Freezing and Forfeiture Orders: is the FCA waking up to its investigative powers?   

The author and editors would like to thank Eben Kurtz for his contributions to this post. On 21 April 2022, the U.K.’s Financial Conduct Authority (“FCA”) secured its first Account Forfeiture Order (“AFO”), a tool used for asset recovery under Part 5 of Proceeds of Crime Act 2002 (”POCA”), for a sum of £2,000,000 against … Continue Reading

Law Commission Proposes Reforms to Corporate Criminal Liability in the UK

The proposal outlines 10 possible ways to bolster UK corporate criminal liability. The UK Law Commission, has published their proposals (the Options Paper) to overhaul criminal law as it applies to companies in the UK. The Law Commission is an independent commission created by Parliament to keep UK law under review and to recommend reforms. … Continue Reading

The UK’s OFSI provides guidance on strict liability sanctions breach penalties

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, which is the authority for implementing financial sanctions in the UK, have published guidance to clarify how they will use their new powers to impose civil monetary penalties for sanctions breaches on a strict liability basis from Monday 15 June 2022.  The full message … Continue Reading

What Price Privacy? UK Drive For Foreign Owners’ Transparency

I wanted to take a moment to thank WealthBriefing.com for featuring my recent article “What Price Privacy?  UK Drive for Foreign Owners’ Transparency”. As the geopolitical landscape evolves and global financial sanctions take hold,  the Economic Crime (Transparency and Enforcement) Bill introduced into UK law this month is worth reviewing.  Will the new legislation prevent … Continue Reading
LexBlog