The Crime and Courts Act 2013 has received Royal Assent. Among other things, the Act:
- replaces the Serious Organised Crime Agency with the new National Crime Agency, which will be the reporting authority for money laundering suspicions; and
- introduces deferred prosecution agreements (DPAs) as an option where a company commits an offence under certain legislation including under the Theft Act, certain FSMA offences (breach of the general prohibition, breach of the financial promotion and prospectus restrictions, and breach of the misleading statements etc requirements), the money laundering offences under the Proceeds Of Crime Act 2002 and article 45 of the Money Laundering Regulations, certain offences under the Fraud Act, and all the offences under the Bribery Act 2010. DPAs will not be available for prosecutions of individuals.
No Commencement Orders for the new laws have yet been made. (Source: Crime and Courts Act Gets Royal Assent)