Financial Crimes, Serious Fraud Office (SFO), Failure to Prevent

CPS and SFO publish joint corporate prosecutions guidance – what it means for UK corporates

Hogan Lovells on 8/21/2025

The Crown Prosecution Service (CPS) and Serious Fraud Office (SFO) have overhauled their Corporate Prosecutions guidance – clarifying how prosecutors will handle charges, forum and case strategy going forward. The previous...more

UK Government Publishes Guidance on New Failure to Prevent Fraud Offence

WilmerHale on 11/19/2024

On 6 November 2024, the UK Government published the much-anticipated guidance on the new corporate offence of failure to prevent fraud (the “Guidance”). The failure to prevent fraud offence forms part of a huge shift in the...more

Reforming the legal test for Corporate Criminal Liability in England – a panacea or a placebo?

Hogan Lovells on 12/6/2023

It’s certainly true that the UK criminal authorities have been crying out for a shot in the arm in the form of legislative reform, but will changing the law really help the Serious Fraud Office ("SFO") achieve more corporate...more

Q&A: The Economic Crime and Corporate Transparency Act

Morrison & Foerster LLP on 10/30/2023

Headlines- • The Economic Crime and Corporate Transparency Act (the “Act”) is part of a wide legislative package to prevent abuse of UK corporate structures and tackle economic crime and received Royal Assent on 26 October...more

Bribery Act review: economic crime and failure to prevent offences

BCLP on 6/10/2019

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

Proposed reform of UK corporate criminal liability – a failure to grasp the nettle?

White & Case LLP on 3/14/2019

Following mounting calls for reform of the UK's corporate criminal liability regime, the Government is expected to consult later this year on potential reforms, which are likely to include a new corporate offence of failing...more