A UK Court of Appeal decision in June 2024 has heightened the UK’s focus on the potential for money laundering offences within global supply chains. There is now a greater risk that UK law enforcement may recover assets from companies that fail to perform adequate due diligence on their supply chain, even if adequate consideration was paid for goods.

This increased risk also means that businesses could face prosecution for criminality within their supply chain and associated money laundering offences, which could have significant repercussions for many companies, particularly those in the clothing and retail sectors.
It is crucial for businesses to assess their existing compliance procedures to ensure they are not inadvertently committing money laundering offences.

Our lawyers offer insights on how companies can mitigate these risks in their latest alert.