Individuals continue to face risk from prosecutions for economic crime, despite media focus on corporate criminal liability reforms.
Four individuals have today appeared at Westminster Magistrates’ Court charged with fraud...more
10/10/2023
/ Audits ,
Corporate Counsel ,
Corporate Crimes ,
Criminal Conspiracy ,
Criminal Liability ,
Criminal Prosecution ,
Financial Reporting Council (FRC) ,
Financial Statements ,
Fraud ,
Material Misstatements ,
Negligence ,
Personal Liability ,
Serious Fraud Office (SFO) ,
UK
The UK government is taking further measures to tackle economic crime in the UK, reforming its corporate register, and giving extra powers to the Serious Fraud Office.
The UK has published the new Economic Crime and...more
9/28/2022
/ Corporate Crimes ,
Cryptoassets ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Limited Partnerships ,
Person with Significant Control (PSC Register) ,
Proceeds of Crime Act 2002 (POCA) ,
Russia ,
Transparency ,
UK ,
Ukraine ,
Unexplained Wealth Orders (UWOs)
In its second year, the Biden administration has made clear its prioritisation of white-collar prosecutions. This includes changes in policy and guidance, such as a renewed focus on individual accountability, an increased...more
8/15/2022
/ Accounting ,
Biden Administration ,
Compliance ,
Corporate Counsel ,
Corporate Crimes ,
Criminal Investigations ,
Cross-Border ,
Deferred Prosecution Agreements ,
Enforcement Priorities ,
Forensic Accounting ,
Government Investigations ,
Jurisdiction ,
Non-Prosecution Agreements ,
UK ,
White Collar Crimes
The proposal outlines 10 possible ways to strengthen corporate liability by both criminal and civil law reforms.
On 10 June 2022 the Law Commission published an eagerly anticipated set of proposals (the Options Paper) to...more
UK companies should be aware of the increasing focus on corporate culture by regulators on both sides of the Atlantic.
In a recent speech that has garnered significant attention, US Deputy Attorney General Lisa Monaco...more
11/8/2021
/ Anti-Corruption ,
Chief Compliance Officers ,
Compliance ,
Compliance Monitoring ,
Cooperation ,
Corporate Crimes ,
Corporate Culture ,
Department of Justice (DOJ) ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Foreign Corrupt Practices Act (FCPA)
The priorities will impact non-US companies who may face a US DOJ with a renewed emphasis on combating corporate crime.
In a recent speech that has garnered significant attention, the Deputy Attorney General of the...more
11/5/2021
/ Biden Administration ,
Compliance ,
Compliance Monitoring ,
Corporate Crimes ,
Corporate Culture ,
Corporate Misconduct ,
Corporate Monitoring ,
Criminal Prosecution ,
Cross Border Privacy Rules (CBPR) ,
Cross-Border ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Priorities ,
Foreign Corporations ,
Foreign Corrupt Practices Act (FCPA) ,
Non-Prosecution Agreements ,
Personal Liability ,
UK ,
White Collar Crimes
Deferred prosecution agreements (DPAs) became part of the prosecutors’ toolbox in 2014, allowing for settlement instead of bringing a case to trial. Recent statements from the Serious Fraud Office (SFO) indicate an increasing...more