The government highlighted its future plans at the FCA’s financial crime conference held last week, which include the following: (i) it plans to deliver the Criminal Finances Bill, with Royal Assent in spring 2017 and the powers commenced later in 2017; (ii) it will implement the anti-money laundering and counter-terrorist financing action plan; (iii) it is committed to creating a new beneficial ownership register for overseas companies to ensure that these companies are subject to the same level of scrutiny about their ownership as UK companies; and (iv) it wants to target the money which the financial services sector spends on compliance to ensure this money is used effectively.