On 10 September the government introduced legislation to Parliament to implement important changes to the Money Laundering Regulations 2007. The proposals were set out in July 2012 following extensive consultation and are expected to save firms around £3 million a year.
The changes to the Regulations will come into force on 1 October 2012.
Further detail on the changes being taken forward is available on the Review of the Money Laundering Regulations page on HM Treasury’s website.
HM Treasury press release
Employment Law
EMPLOYMENT RIGHTS: INCREASE OF LIMITS FOR 2012
28 December 2011
The Employment Rights (Increase of Limits) Order 2011 lays out the increases to awards and payment made to workers in certain employment rights cases.
The increases made by this Order reflect the increase in the retail prices index from September 2010 to September 2011 and will come into force on 1 February 2012.
New Limits(from 1 February 2012)
Relevant statutory provision
Subject of provision
Old Limits
Section 145E(3) of the 1992 Act
Amount of award for unlawful inducement relating to trade union membership or activities, or for unlawful inducement relating to collective bargaining. Minimum amount of basic award of compensation where dismissal is unfair by virtue of section 152(1) or 153 of the 1992 Act. Minimum amount of compensation where individual excluded or expelled from union in contravention of section 174 of the 1992 Act and not admitted or re-admitted by date of tribunal application. Limit on amount of guarantee payment payable to an employee in respect of any day. Minimum amount of basic award of compensation where dismissal is unfair by virtue of section 100(1)(a) and (b), 101A(d), 102(1) or 103 of the 1996 Act. Limit on amount of compensatory award for unfair dismissal. Limit on amount in respect of any one week payable to an employee in respect of a debt to which Part XII of
£3,300
£3,500
Section 156(1) of the 1992 Act
£5,000
£5,300
Section 176(6A) of the 1992 Act
£7,600
£8,100
Section 31(1) of the 1996 Act
£22.20
£23.50
Section 120(1) of the 1996 Act
£5,000
£5,300
Section 124(1) of the 1996 Act Paragraphs (a) and (b) of section 186(1) of the 1996
£68,400 £72,300
£400
£430
CIPP Policy News Journal
12/04/2013, Page 307 of 362
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