Welcome to the summer edition of the Dentons Financial Crime Update, where the Dentons Regulatory and Investigations team has pulled together news and updates from our respective specialisms which we think are likely to be of interest to our clients.

As with all previous editions, our team has used our combined experience and background at each of the key regulators to give our perspective on significant updates to help inform your horizon scanning in respect of financial crime compliance.

As with all areas impacted by governmental change, there has been a period of quiet in the run-up to the general election, with previously expected policy, guidance and other publications paused pending the results. We expect a busy period now for new guidance to be published – in particular, we should be on the home straight to publication of the failure to prevent fraud guidance and the subsequent coming into force of the offence by the end of the year.

And what to expect from our new government in the area of economic crime? Read more on what we think here in respect of the Government's likely priorities in this area, including expanding AML regulation, greater transparency requirements for overseas entities and a continuation of the drive to reduce fraud through increased in investment and greater corporate accountability.

The below is designed to help with your horizon scanning, so if there is anything that you want to talk through with one of our experts, then please do get in touch.