“Judge may take action that could leave HSBC facing a criminal prosecution and threat to its ability to do business in the US.”
The Guardian, 23rd May 2013
Source: www.guardian.co.uk
“US-style ‘plea bargains’ will be introduced in England and Wales from 2014, following Parliamentary approval of the relevant laws.”
OUT-LAW.com, 29th April 2013
Source: www.out-law.com
“Since the early 90s US prosecuting authorities have been using deferred prosecution agreements. They are said to raise about $2.5bn a year in penalties, often in respect of criminal activities with little connection to the US. A deferred prosecution agreements involves the filing in court of agreed charges against a corporation, subject to a condition that the charges will not be pursued if the corporation complies with the often stringent terms of the agreement for a specified period. Such terms will include the payment of substantial sums to reflect broadly the fine that would have been paid had the corporation pleaded guilty and to reflect the confiscation and compensation regimes. Corporations are likely also to have to agree to the appointment of a monitor to ensure their adherence to proper standards of behaviour.”
Fulcrum Chambers, January 2013
Source: www.fulcrumchambers.com
“Attorney General, Dominic Grieve QC MP outlined steps taken to prosecute economic crime at the Cityforum round table. Originally given at City of London Guildhall. This is the text of the speech as drafted, which may differ slightly from the delivered version.”
Attorney General’s Office, 21st January 2013
Source: www.gov.uk/ago
“A student facing trial and possible imprisonment in the United States has struck a deal to avoid extradition, the High Court has been told.”
BBC News, 28th November 2012
Source: www.bbc.co.uk
“Criticism over the lack of detail that has emerged from corruption case settlements only serves to reinforce the need for deferred prosecution agreements (DPAs) to be introduced in the UK, an expert has said.”
OUT-LAW.com, 2nd April 2012
Source: www.out-law.com
“The Government will introduce new laws that enable businesses and prosecutors to negotiate the punishments those firms should face for unlawful activity before the end of this Parliament, a top legal advisor has said.”
OUT-LAW.com, 22nd March 2012
Source: www.out-law.com
“Legislation to enable US-style deferred prosecutions for corporate crime may feature in the Queen’s speech on 9 May.”
Law Society’s Gazette, 15th March 2012
Source: www.lawgazette.co.uk
“The Serious Fraud Office is to ask parliament to enhance its powers to fight fraudulent companies and corrupt directors, the Gazette has learned. The investigation and prosecution agency has begun consulting privately with senior lawyers and officials before it approaches parliament later in the year. Sources close to the discussions said the SFO wants powers to fine fraudulent companies and impose deferred prosecutions, as well as legislation requiring companies to report frauds as soon as they are discovered.”
Law Society’s Gazette, 7th May 2009
Source: www.lawgazette.co.uk
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