creation of a civil recovery regime in relation to cryptoassets through amendments to the Anti-terrorism, Crime and Security Act 2001, set out in a new schedule to the Bill; and
new powers for the Scottish Solicitors’ Discipline Tribunal to issue fines in cases of economic crime (new clause 47).
An eye-catching amendment (new clause 73), proposed by Dame of Margaret Hodge, creating a new offence of failure to prevent fraud, false accounting or money laundering is not being taken forward although, after a brief debate in Committee on 29 November 2022, the security minister confirmed the government continues to consider the arguments relating to a new ‘failure to prevent’ offence. Committee discussion of the amendment can be found on page 609 of the consolidated report on debates. (See article on page 8.)
A new version of the Bill, incorporating the Committee amendments, has been published and will be taken forward to Report Stage (for which the date has yet to be scheduled).
creation of a civil recovery regime in relation to cryptoassets through amendments to the Anti-terrorism, Crime and Security Act 2001, set out in a new schedule to the Bill; and
new powers for the Scottish Solicitors’ Discipline Tribunal to issue fines in cases of economic crime (new clause 47).
An eye-catching amendment (new clause 73), proposed by Dame of Margaret Hodge, creating a new offence of failure to prevent fraud, false accounting or money laundering is not being taken forward although, after a brief debate in Committee on 29 November 2022, the security minister confirmed the government continues to consider the arguments relating to a new ‘failure to prevent’ offence. Committee discussion of the amendment can be found on page 609 of the consolidated report on debates. (See article on page 8.)
A new version of the Bill, incorporating the Committee amendments, has been published and will be taken forward to Report Stage (for which the date has yet to be scheduled).
