Welcome to Allen & Overy’s Investigations Insight blog, sharing with you our views and insights into the latest trends, risks and developments in financial services investigations

UK National Economic Crime Centre: a period of stability for UK economic crime, but is it enough?

Christian Parker

In December 2017, the UK Government announced creation of a new National Economic Crime Centre (NECC) as part of the Government’s Anti-Corruption Strategy (ACS). Amber Rudd’s announcement outlined that the UK will introduce a multi-agency NECC, and formalised the UK’s approach to economic crime, in an attempt to ensure the UK maintains its “reputation as Read More

Unexplained Wealth Orders (and remainder of the Criminal Finances Act) come into force

Calum Macdonald

  You have the right to remain silent. However – under changes to the Proceeds of Crime Act 2002 – it may cost you. With effect from 31 January 2018, the Criminal Finances Act 2017 introduces an Unexplained Wealth Orders regime in the UK.   What are Unexplained Wealth Orders? An Unexplained Wealth Order (UWO) Read More

OPBAS, the UK’s new anti-money laundering supervisor, becomes operational

Calum Macdonald

A new year, a new role for the Financial Conduct Authority (FCA). On 18 January 2018, the UK’s new Office for Professional Body Anti-Money Laundering Supervision (OPBAS) comes into effect. OPBAS is intended to be a ‘supervisor of supervisors’ with the aim of ensuring that professional body anti-money laundering supervisors comply with the UK’s anti-money Read More

The SEC Enforcement Landscape: What to Watch in 2018

Kurt Wolfe

Last year was something of a transitional year at the U.S. Securities and Exchange Commission (“SEC” or the “Commission”) and changes are now taking shape that will figure prominently on the SEC enforcement landscape in the coming year. Among them are the influence of new leadership, new enforcement priorities and programs, and new case law. Read More

‘The more serious the allegation, the more cogent the evidence must be’: The UK FCA receives a reminder from the Court of Appeal

Sarah Hitchins

In a judgment handed down just before Christmas, the UK Court of Appeal took the opportunity to remind the UK Financial Conduct Authority (the FCA) that the more serious the allegation it makes about the conduct of a subject, the more cogent the evidence must be in order to overcome the ‘inherent improbability’ that it Read More