On 23 October 2020, the SFO published a chapter from its Operational Handbook, including an expanded section on corporate co-operation, so as to give “comprehensive guidance” on the organisation’s approach to the use of...more
On 8 October 2020, Lisa Osofsky spoke to the Royal United Services Institute about future challenges in tackling the world of economic crime. Most eye-catching was her ‘wish list for the SFO’, which outlined three desired...more
The Australian Law Reform Commission (the “ALRC”) has proposed a number of reforms to Australia’s federal corporate criminal liability regime. The entire document bears close examination. In this article, we focus on the...more
1/30/2020
/ ASIC ,
Australia ,
Corporate Counsel ,
Corporate Culture ,
Corporate Liability ,
Corporate Misconduct ,
Criminal Code ,
Criminal Liability ,
Discussion Draft ,
Enforcement ,
Proposed Standards ,
Serious Fraud Office (SFO) ,
UK Bribery Act ,
Vicarious Liability ,
White Collar Crimes
The much heralded Corporate Co-operation Guidance published by the Serious Fraud Office recently offers little comfort to corporates struggling with the dilemma of whether to self-report wrongdoing. Instead it offers a...more
9/19/2019
/ Cooperation ,
Corporate Counsel ,
Corporate Crimes ,
Corporate Misconduct ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Guidance ,
Foreign Corrupt Practices Act (FCPA) ,
Internal Investigations ,
Legal Advice Privilege ,
Serious Fraud Office (SFO) ,
UK ,
White Collar Crimes
On 16 July 2019, three individuals were acquitted of conspiracy to corrupt and conspiracy to bribe. On the basis of the same evidence, their employer, Sarclad Limited, had previously admitted corporate criminal liability and...more
On 4 July 2019, Southwark Crown Court approved a deferred prosecution agreement between the SFO and Serco Group PLC in relation to fraudulent reporting in contracts for “tagging” individuals under curfew conditions. This is...more
7/5/2019
/ Corporate Misconduct ,
Criminal Convictions ,
Criminal Prosecution ,
Deferred Prosecution Agreements ,
Guilty Pleas ,
Internal Controls ,
Ministry of Justice ,
Public Contracts ,
Public Procurement Policies ,
Serious Fraud Office (SFO) ,
UK
The government published in May 2019 its responses to two Committee reports on financial crime. First, the House of Commons Treasury Committee on 8 March 2019, published its report on “Economic Crime – Anti-money laundering...more
6/10/2019
/ Aiding and Abetting ,
Anti-Money Laundering ,
Corporate Liability ,
Enforcement Actions ,
Failure to Prevent ,
Financial Crimes ,
Information Reports ,
Internal Controls ,
Serious Fraud Office (SFO) ,
UK ,
UK Bribery Act ,
UK Criminal Finances Act 2017
This is the first of a series of articles on the House of Lords Select Committee’s recent report, entitled “The Bribery Act 2010: post-legislative scrutiny”, in which members of BCLP’s White Collar team review the report. ...more
With the UK on the brink potentially of exiting the EU and business certainty at an all-time low, the Government faces enormous pressure to ensure that the UK remains an attractive place to do business. One very significant...more
3/14/2019
/ Anti-Corruption ,
Criminal Liability ,
Enforcement Authority ,
EU ,
Financial Conduct Authority (FCA) ,
Money Laundering ,
Regulatory Agenda ,
Serious Fraud Office (SFO) ,
UK ,
UK Brexit ,
UK Bribery Act