News

U.K. authorities are set to request input from interested parties on whether criminal liability should be imposed on banks and other businesses found to have enabled any one of a broad range of financial crimes, a government official told ACAMS moneylaundering.com. Last week, U.K. security minister Ben Wallace told lawmakers that the government will publish a "call for evidence" on whether a new corporate offense of failure to prevent facilitation of money laundering, false accounting and dozens of other economic crimes is warranted, following a series of delays to the previously intended "consultation". A Justice Ministry spokesperson on Wednesday told...