Following Putin’s invasion of Ukraine, the Economic Crime (Transparency and Enforcement) Act 2022 was accelerated and rapidly passed. A key component was the new Register of Overseas Entities, along with other measures to combat financial crime.
Our Chairman Mike has written a blog for Companies House explaining what it is and when it applies. Read all the details on the Companies House site here.
The crypto and traditional finance worlds are beginning to merge, as crypto’s fresh, upstart attitude falls more in line with the more stable but slower traditional finance. Crypto has struggled with a reputation of aiding and abetting money laundering, providing anonymity for fraudsters and criminals alike. As the two worlds meet, a matchmaker is needed to bridge the gap between them.
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The issue of money laundering and questionable money flowing through the UK property market, especially London, has had a light shone on it more than ever by the war in Ukraine. Here, we chat to Tom Lyes, Head of Legal and Property at Armalytix, about dirty money, Buy to Leave, overseas investment and Open Banking's role in cleaning up the market.
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