Location: Live online
On 15 March 2022, the Economic Crime (Transparency and Enforcement) Bill received Royal Assent becoming the Economic Crime (Transparency and Enforcement) Act 2022. The Act has been a long-time coming, and dates back to 2016 when David Cameron gave a warning to foreign companies at an anti-corruption summit that they would be required to disclose the beneficial ownership of UK property. The Bill was placed on a back-burner following Mr Cameron's speech, but the crisis in Ukraine re-ignited the UK's desire to push through the Bill and it was fast-tracked through Parliament.
This hot-topic webinar, delivered by leading legal experts from magic circle law firm DLA Piper, Laura Ford and Chloe Barker, will examine the three main components of the Act, as follows:
The implementation of a Register of Overseas Entities
Amendments to the Unexplained Wealth Order (UWO) regime
Amendments to the existing UK sanctions legislation
Laura Ford, Partner at DLA Piper
Laura Ford advises and represents clients in the conduct of UK and multi-jurisdictional investigations into allegations of serious and complex misconduct, including in the areas of bribery, fraud, money laundering, sanctions, data breach, human rights and market abuse.
She also advises clients in the design and implementation of their global compliance programmes - from risk assessment to policy drafting and training - and conducts due diligence and investigations in the context of corporate transactional activity.
A number of Laura's recent mandates have involved the financial services sector, including representing Thomas Kalaris in the Serious Fraud Office prosecution arising out of Barclays' capital raising from Qatar in 2008 and a large scale sanctions investigation for a retail bank. She is also experienced in conducting investigations and compliance mandates in the defence, retail, gambling and property sectors.
Chloe Barker, Legal Director at DLA Piper
Chloe Barker advises on all aspects of international trade regulation, including economic sanctions and trade embargoes, export controls, customs, trade defence measures and trade negotiations and Brexit.
She has advised international governments and commerce on international trade issues and has directly advised a number of foreign governments on various aspects of their trade and investment policy and negotiations with the European Union.
Chloe advises national and international clients on trade compliance, in particular compliance with EU and UK sanctions and export control restrictions and UK customs. She provides day to day transactional compliance advice, along with advising and defending clients undergoing official audits, investigations or enforcement proceedings by European regulatory bodies including the UK Export Control Organisation, HMRC, the UK Office of Financial Sanctions Implementation, HM Treasury and the European Commission. Chloe regularly counsels clients on the handling and coordination of multijurisdictional investigations involving alleged violations of international sanctions, export controls and customs regulations.
Chloe regularly advises on the development and implementation of effective compliance programmes, including conducting risk-based assessments of exposure to trade regulation, preparing sanctions and export control policies, procedures and awareness-raising programmes and auditing company compliance against industry best practice.
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