Recent weeks have seen several notable developments in the UK criminal enforcement landscape...more
5/20/2024
/ Bribery ,
Compliance ,
Corporate Crimes ,
Corporate Misconduct ,
Criminal Investigations ,
Criminal Liability ,
Criminal Prosecution ,
Due Diligence ,
Fraud ,
Law Enforcement ,
Money Laundering ,
National Crime Agency (NCA) ,
New Guidance ,
Popular ,
Risk Assessment ,
Serious Fraud Office (SFO) ,
Tax Evasion ,
UK
The Director of the UK Serious Fraud Office (SFO), Nick Ephgrave QPM, delivered his maiden public speech on February, 13, 2024, closely followed by visits to key financial centres in the United States to meet with...more
2/28/2024
/ Bribery ,
Collaboration ,
Corporate Crimes ,
Corporate Transparency Act ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Financial Crimes ,
Fraud ,
Law Enforcement ,
Serious Fraud Office (SFO) ,
UK
After a laborious passage through the United Kingdom Parliament, the Economic Crime and Corporate Transparency Act (the Act) received Royal Assent on 26 October 2023. The Director of the UK Serious Fraud Office (SFO) hailed...more
10/31/2023
/ Bribery ,
Compliance ,
Corporate Crimes ,
Corporate Transparency Act ,
Criminal Liability ,
Fraud ,
Money Laundering ,
Regulatory Reform ,
Serious Fraud Office (SFO) ,
Theft ,
UK ,
UK Companies Acts
On June 15, 2023, the UK Government announced that it would seek to introduce the biggest reform of corporate criminal liability in England and Wales for more than 50 years. ...more
The UK Government yesterday introduced a new corporate “failure to prevent fraud” offence into draft legislation, the Economic Crime and Corporate Transparency Bill (“the Bill”).
This is a significant development in UK...more
4/13/2023
/ Companies Act ,
Compliance ,
Corporate Crimes ,
Corporate Transparency Act ,
Enforcement ,
Financial Crimes ,
Fraud ,
Policies and Procedures ,
Proposed Legislation ,
Serious Fraud Office (SFO) ,
UK ,
White Collar Crimes
On 15 May 2018, the UK Parliamentary Treasury Select Committee heard evidence from representatives of Transparency International, Global Witness and the RUSI Centre for Financial Crime and Security Studies as part of its...more
Speaking at the 35th annual Cambridge International Symposium on Economic Crime, Robert Buckland QC MP, the Solicitor General for England and Wales, and David Green QC, Director of the SFO, addressed the question, “Preventing...more
9/20/2017
/ Anti-Money Laundering ,
Chief Compliance Officers ,
Compliance ,
Corporate Crimes ,
Corporate Criminal Fines ,
Corporate Liability ,
Deferred Prosecution Agreements ,
Financial Action Task Force ,
Financial Crimes ,
HM Treasury ,
Law Enforcement ,
Self-Reporting ,
Serious Fraud Office (SFO) ,
UK
A common feature of corporate criminal disposal in the US for several decades, the use of corporate monitors in the UK in the same period has been, at best, sporadic. This was expected to change with the introduction of...more
The approval of the Deferred Prosecution Agreement (DPA) between the Serious Fraud Office (SFO) and XYZ Limited (XYZ) by Leveson LJ on 8 July 2016 has generated much breathless commentary, not least because it is only the...more
7/19/2016
/ Anonymity ,
Attorney-Client Privilege ,
Corporate Crimes ,
Criminal Penalties ,
Deferred Prosecution Agreements ,
Internal Investigations ,
Popular ,
Self-Reporting ,
Sentencing ,
Serious Fraud Office (SFO) ,
UK