The Serious Crime Bill received Royal Assent on 3 March 2015 and will now enter into force as the Serious Crime Act 2015 (the "Act"). It introduces changes in a broad range of areas relating to both financial and non-financial crime. Significantly for regulated firms, it includes the introduction of additional protection from civil liability for those reporting suspicions of money laundering. It also creates a new offence, of potentially broad scope, of participating in the criminal activities of an organised crime group. Our briefing explores these two changes in more detail, and outlines the other amendments made by the Act.
Key contacts
Karen Anderson
Consultant, London
Susannah Cogman
Partner, London
Elizabeth Head
Of Counsel, London
Clive Cunningham
Consultant, London
Marina Reason
Partner, London
Kelesi Blundell
Partner, London
Hywel Jenkins
Partner, London
Chris Ninan
Partner, London
Jon Ford
Partner, London
Simone Hui
Of Counsel, Hong Kong
Chee Hian Kwah
Director, Prolegis LLC, Singapore
Valerie Tao
Knowledge Lawyer, Hong Kong
Cat Dankos
Senior Regulatory Consultant, London
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