Publication
Europe steps up its fight against fraud
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
United Kingdom | Publication | January 2024
On December 14, 2023, the PPF published its final levy rules for 2024/25 following its consultation in September.
In the accompanying Policy Statement, the PPF confirmed a 50 per cent reduction in its target levy collection to £100m next year, down from £200m in 2023/24. In its September consultation, the PPF explained that the current law imposes a limit of 25 per cent year-on-year increases to the levy target. As a result, it was required to set a minimum levy now so that it would be able to charge a material levy in the future (if necessary), without relying on legislative change.
Almost all respondents considered that legislation should be changed as soon as possible to allow the PPF to move to a much lower, or even zero, levy. The PPF has shared these responses with the DWP who will consider the points raised and expects to legislate as soon as parliamentary time allows.
Publication
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
Publication
Head of Legal Operations, Stephanie Hamon, will be joining the panel discussion on "Simplifying Legal Tech Adoption and Implementation" at the Legal Tech Talk conference on June 13th (3:30 - 4:15 PM).
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023