This includes the Criminal Finances Act, which will give law enforcement further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption, and combat the financing of terrorism.
Geographical extent – The regulations extend to all four nations of the UK.
Businesses such as banks, estate agents, accountants and payment firms will have to carry out stringent and targeted checks to make sure that money changing hands is from a legitimate source and will not be used to fund terror acts.
Serious and organised crime costs Britain at least £24 billion every year, and recent attacks demonstrate the importance of a strong toolkit to prevent terrorist atrocities. Although the vast majority of businesses are vigilant, these new rules will ensure that they are not abused by criminals or terrorists looking to move funds or obscure assets.
The rules will improve the quality of the checks. They ensure that businesses can spot suspicious activity and report it, enabling the police to act swiftly and decisively to prevent corruption or terrorist attacks.
Back to Contents
Consultation on EEA-workers in the UK labour market 7 August 2017
A call for evidence has been published on the economic and social impacts of the UK’s exit from the EU and also on how the UK’s immigration system should be aligned with a modern industrial strategy.
In July 2017, the Government commissioned the Migration Advisory Committee (MAC) to advise on the economic and social impacts of the UK’s exit from the European Union and also on how the UK’s immigration system should be aligned with a modern industrial strategy1. This call for evidence is accompanied by a briefing note outlining some preliminary analysis of the UK labour market and other countries’ migration systems to kick-start the call for evidence. The note does not make any policy recommendations or provide any conclusions; it asks questions rather than answers them on three topics:
EEA Migration Trends Recruitment Practices, Training & Skills Economic, Social and Fiscal Impacts
The consultation seeks views and evidence from anyone with relevant knowledge, expertise or experience to help inform the MAC response. The MAC strongly welcomes views from a wide range of interested parties from all parts of the UK (e.g. businesses, employers, recruiters, trade unions, academics, think tanks, representative bodies, government departments, etc).
Please respond to questions that are relevant to your expertise; respondents are not expected to answer every single question. Comments and feedback on any of the issues raised are welcomed.
The consultation closes on 27 October 2017.
Back to Contents
Labour Market Enforcement Director seeks views and evidence 11 August 2017
From accidental payroll errors to serious criminality, the development of an ‘Intelligence Hub’ is to provide a single view of risk and priorities across the spectrum of non-compliance.
In his Introductory Report , David Metcalf, the Director of Labour Market Enforcement sets out the current state of play for the three labour market enforcement bodies:
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 224 of 516
Made with FlippingBook - Online magazine maker