“Fines handed to companies convicted of fraud or other financial crimes should be calculated as a percentage of turnover, rather than with reference to the amount of financial harm caused, a committee of MPs has said.”
OUT-LAW.com, 13th November 2013
Source: www.out-law.com
“The director of the Serious Fraud Office (SFO) has warned that the agency may use powers of surveillance to uncover evidence of corruption within corporates.”
OUT-LAW.com, 25th October 2013
Source: www.out-law.com
“US-style incentives for whistleblowers against corporate fraud, bribery and corruption offences could be introduced in the UK following the launch of the new National Crime Agency (NCA), an expert has said.”
OUT-LAW.com, 8th October 2013
Source: www.out-law.com
“The head of the Serious Fraud Office (SFO) has responded to critics of the UK’s new anti-corruption legislation, confirming that the department has eight cases under investigation.”
OUT-LAW.com, 5th September 2013
Source: www.out-law.com
“Solicitor General makes the opening speech of the 31st Cambridge International Symposium on Economic Crime Originally given at Cambridge.”
Attorney General’s Office, 2nd September 2013
Source: www.gov.uk/ago
“The Serious Fraud Office (SFO) has made its first charges in relation to offences under the Bribery Act, it has announced.”
OUT-LAW.com, 16th August 2013
Source: www.out-law.com
“With the Crime and Courts Act having received Royal Assent on 25 April 2013, Andrew Price looks at the genesis of Deferred Prosecution Agreements (DPAs) and what may lie in store for the future.”
Full story (PDF)
Dyers Chambers, 11th July 2013
Source: www.dyerschambers.com
“Tough proposed sentencing guidelines will inform the level of financial penalties set by the Serious Fraud Office (SFO) under new deferred prosecution agreements (DPAs), an expert has said.”
OUT-LAW.com, 28th June 2013
Source: www.out-law.com
“Latest moves are a step in the right direction but they fall short of pledge to ‘take white collar crime as seriously as other crime.’ ”
The Guardian, 27th June 2013
Source: www.guardian.co.uk
“The Sentencing Council is updating guidance for courts so that all fraud offences are covered by a consistent set of guidelines that will also deal with corporate offenders.”
Sentencing Council, 27th June 2013
“Any review of the UK bribery laws which came into force in July 2011 would be ‘premature’, an expert has said.”
OUT-LAW.com, 29th May 2013
Source: www.out-law.com
“The Serious Fraud Office (SFO) remains open to pursuing civil recovery where appropriate in cases of serious or complex fraud, including bribery and corruption offences, it has confirmed.”
OUT-LAW.com, 23rd April 2013
Source: www.out-law.com
“A failing student who offered his professor £5,000 in cash in a bid to pass his degree was jailed for 12 months today.”
The Independent, 23rd April 2013
Source: www.independent.co.uk
“Practitioners were trained to believe that an agent would hold a bribe on trust for his principal. Then came Sinclair v Versailles which appeared to have decided that the principal’s remedy would be merely personal. Now everything seems to have changed again. In this ‘Insider’ note Peter Head examines the Court of Appeal’s recent decision in FHR European Ventures LLP v Mankarious and considers where we are now.”
Full story (PDF)
11 Stone Buildings, March 2013
Source: www.11sb.com
“On Tuesday 19 September 2006, BBC’s Panorama made a number of allegations about corruption in football. The most serious allegations concern the alleged widespread bribery of football club directors, managers and scouts by agents seeking to place the players for whom they act.”
Full story (PDF)
11 KBW, 19th February 2013
Source: www.11kbw.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
“A new measure announced today [23 October] will help prosecutors combat corporate offending including fraud, money laundering and bribery – which cost the UK billions of pounds each year.”
Ministry of Justice, 23rd October 2012
Source: www.justice.gov.uk
Solicitor General: Keynote speech to World Bribery and Corruption Compliance Forum
Attorney General’s Office, 23rd October 2012
Source: www.attorneygeneral.gov.uk
“Businesses that ‘self-report’ illegal acts of bribery to the Serious Fraud Office (SFO) could still face prosecution in cases where there is a ‘reasonable prospect of conviction’ and if it is ‘in the public interest’ to do so, the SFO has said.”
OUT-LAW.com, 11th October 2012
Source: www.out-law.com
“The first prosecution under the Bribery Act 2010 to reach the Court of Appeal has arrived. However, it is perhaps not the high-profile scalp that the proponents of the Act might have wanted. I’m not too sure how much can be taken from the case that is of any wider application but nevertheless, it being ‘a first’, it may be of some interest. In any event the facts of the case are less dry than most.”
Halsbury’s Law Exchange, 23rd July 2012
Source: www.halsburyslawexchange.co.uk
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