Briefing on Economic Crime

In December 2021, we published a briefing arguing that the UK needs new legislation to get to grips with economic crime and illicit financial flows. An Economic Crime Bill should be brought forward as soon as parliamentary time allows and include provisions to:

• Create a register of overseas companies that own UK property;

• Reform Companies House to ensure that it can monitor, verify, and investigate suspicious companies;

• Consolidate the UK’s fragmented and ineffective anti-money laundering supervisory regime; and

• Reform corporate criminal liability laws to ensure enablers can be held to account.