The Economic Crime (Transparency and Enforcement) Act 2022 has been a long-time coming, with certain of its contents being first mooted in 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 Ukraine conflict accelerated the progression of the bill, which came into force on 15 March 2022, bringing with it new requirements in connection with overseas ownership of UK property and an expansion of powers with regard to Unexplained Wealth Orders and UK sanctions.

Join Partner, Laura Ford and Legal Director, Chloe Barker together with School of International Financial Services (SIFS) in this hot-topic webinar.

We will discuss the three main components of the act:

  • The implementation of a Register of Overseas Entities.
  • Amendments to the Unexplained Wealth Order (UWO) regime.
  • Amendments to the existing UK sanctions legislation.

Agenda

1. Register of Overseas Entities (ROE)

  • Origins of the ROE
  • Who needs to take action?

2. Unexplained Wealth Orders (UWO)

  • Historic UWOs – scope and application
  • Latest reforms and developments

3. Sanctions Reform

  • OFSI’s new powers
  • Changes in liability test

Schedule

This event will be held in BST.

There are no available dates.

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