ICAEW Insights In Focus: What’s in the second Economic Crime Bill?
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Description
In this episode of the ICAEW Insights podcast, we look at the Economic Crime Bill currently passing through Parliament.   The Bill follows the Economic Crime Act, which became law in March. That legislation was fast tracked in response to the Russian invasion of Ukraine and included a raft of measures to sever economic ties with Russia. Now, this new Bill aims to bring about wider changes on how financial information is gathered and shared in the UK. Reforming Companies House is front and centre. As registrar of companies, the aim is to make it more active in spotting misbehaviour and in working with law enforcement. So what will that mean for chartered accountants as reporting and filing requirements for companies change and what else is in the Bill?  Philippa Lamb discusses the Bill with ICAEW’s Head of Corporate Reporting Policy Sally Baker, Paul Brehony, Partner at Signature Litigation, and Edmund Smyth, Partner at Kingsley Napley. Links Economic Crime Bill 2: what it means for you https://www.icaew.com/insights/viewpoints-on-the-news/2022/oct-2022/economic-crime-bill-2-what-it-means-for-you ICAEW Economic Crime hub https://www.icaew.com/technical/trust-and-ethics/economic-crime Paul Brehony on what EC Bill 2 means for accountants https://www.signaturelitigation.com/paul-brehony-and-kate-gee-discuss-what-the-new-economic-crime-bill-means-for-accountants-and-company-directors-in-accountancy-daily/ Edmund Smyth’s review of the Bill https://www.kingsleynapley.co.uk/insights/blogs/criminal-law-blog/the-economic-crime-and-transparency-bill-a-mixed-bag Host Philippa Lamb Guests Sally Baker, Head of Corporate Reporting Policy, ICAEW Paul Brehony, Partner, Signature Litigation Edmund Smyth, Partner, Kingsley Napley Producer Natalie Chisholm  Episode first published: 7 December 2022 Podcast recorded: 28 November 2022
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