UK Gov't Reject Plans For Central 'Dirty Money' Register
Law360, London (May 8, 2019, 2:07 PM BST) -- A parliamentary committee criticized the government on Wednesday for failing to create a register of individuals linked to corruption to help reduce the amount of dirty money flowing through Britain's financial system.
Nicky Morgan, chairwoman of the Treasury Committee, said it is “disappointing” that the government rejected her panel’s plans to create a centralized list of so-called politically exposed persons — individuals with a prominent public position, and their families, who could be susceptible to bribery or corruption.
“The reality for many firms is that they lack the resources to identify all those who may be considered to be a PEP,” Morgan said....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!