On 6 November 2024, the UK Government published the much-anticipated guidance on the new corporate offence of failure to prevent fraud (the “Guidance”). The failure to prevent fraud offence forms part of a huge shift in the...more
11/19/2024
/ Compliance ,
Corporate Crimes ,
Corporate Governance ,
Criminal Liability ,
Environmental Social & Governance (ESG) ,
Extraterritoriality Rules ,
Failure to Prevent ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fraud ,
New Guidance ,
Risk Assessment ,
Serious Fraud Office (SFO) ,
UK ,
Whistleblowers ,
White Collar Crimes
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
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