The Economic Crime Summit 2023 City and Financial Global

Overview

The Summit is being held against the backdrop of the Government’s imposition of sanctions against Russian oligarchs and other entities whose association with Putin is potentially helping to fund the conflict in Ukraine. The key issue to be addressed is the Economic Crime Act which introduced measures to identify the beneficial owners behind foreign property owners, through the Register of Overseas Entities which went live on 1 August. It will also look at the use of London as a “laundromat” for criminals to launder money through the acquisition of property and how the National Crime Agency can combat this in the future.