Oct 24, 2022 Is the New Economic Crime Bill tough enough? MPs level criticism at its second reading By Neill Blundell Helen Harvey Mollie Biggadike The introduction of the Economic Crime and Corporate Transparency Bill (the Bill) on 22 September 2022 was met with support by many legal...
Sep 26, 2022 New Economic Crime Bill: another stab at the £100bn dirty money problem By Lorna Emson Helen Harvey Matthew Pimley On 22 September, the UK Government introduced the Economic Crime and Corporate Transparency Bill (the Bill). The Bill, the second...
May 04, 2022 The Chancellor announces a £25 million “fraud squad” to recover £5 billion By Lorna Emson Max Hobbs Georgia O'Connor The Chancellor, Rishi Sunak, has announced a new “fraud squad” to recover money stolen from the state-backed Covid Bounce Back Loan...
Jul 20, 2021 The verdict’s in: the SFO publishes its 2020–2021 Annual Report By Neill Blundell The Serious Fraud Office (SFO) has published its Annual Report and Accounts for 2020–2021 (the Report). The Report provides an overview...
Apr 30, 2021 Conviction and collapse: a mixed week for the SFO By Lorna Emson James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had secured a corporate conviction against GPT Special Project Management...
Jan 14, 2021 No expansion of the failure to prevent offence... for now By Neill Blundell Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
Nov 06, 2020 Corporate criminal liability: Law Commission to examine reform By Francis Bond Neill Blundell The Law Commission will begin a review of the UK’s corporate criminal liability legislation, after the Government instructed the body to...
Oct 30, 2020 Taking flight: The SFO secures its ninth DPA By Neill Blundell Max Hobbs The Serious Fraud Office (SFO) has agreed its ninth deferred prosecution agreement (DPA), which has now received approval in the Crown...
Oct 26, 2020 The Serious Fraud Office publishes new guidance on Deferred Prosecution Agreements By Neill Blundell Helen Harvey On 23 October, the Serious Fraud Office (“SFO”) published comprehensive guidance on how they approach Deferred Prosecution Agreements...
Sep 24, 2020 SFO uses its first listed asset order By Neill Blundell James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had used its first listed asset order (LAO) to seize £500,000 of jewellery,...
Jul 23, 2020 UK to invest £100m in stronger AML checks through tax on banks By Neill Blundell Francis Bond The UK is set to go ahead with a £100m investment in improving anti-money laundering systems, funded by a “levy” on financial...
Jul 16, 2020 Co-ordinated global anti-corruption settlements By Neill Blundell Francis Bond The US Department of Justice (DoJ) has indicated that further co-ordinated global anti-corruption settlements can be expected later this...
Jun 30, 2020 More time needed: SFO granted another extension to seize London properties By Neill Blundell James Reid Last Friday the Serious Fraud Office (SFO) was granted a further extension in its attempt to seize UK properties and cash worth...
Jun 09, 2020 Case closed: Financial Reporting Council ends investigation into Tesco accountants By Neill Blundell James Reid The Financial Reporting Council (FRC), the audit watchdog, has announced that it is dropping its investigation into several Tesco...
Apr 09, 2020 Covid-19: Warning - Cybercrime and fraud are on the rise By Neill Blundell Francis Bond The UK’s top law-enforcement agencies have warned that companies could face increased cybercrime and fraud as a result of the Covid-19...
Feb 10, 2020 Fine by me: could a small sanction for a breach of the SFO’s Section 2 Notice fail to deter non-compliance? By Neill Blundell Max Hobbs At the end of January 2020, the UK courts convicted an individual of failing to comply with the terms of a “Section 2 Notice” issued...