The Ministry of Justice published a press release last week titled "New crackdown on corporate economic crime" but all was not what it seemed at first sight, the opening line of the press release saying that "[a] call for evidence seeks views on whether further reform is needed...". The call for evidence, which focuses on criminal offences designed to punish and prevent economic crimes including fraud, false accounting and money laundering when committed by companies, is available here. Views are sought on the identification doctrine and, if needed, various reform options including the creation of new 'failure to prevent' offences adopting the model found in section 7 of the Bribery Act 2010.
Monday, 16 January 2017
UK: Ministry of Justice seeks views on the case for new corporate economic crime offences
The Ministry of Justice published a press release last week titled "New crackdown on corporate economic crime" but all was not what it seemed at first sight, the opening line of the press release saying that "[a] call for evidence seeks views on whether further reform is needed...". The call for evidence, which focuses on criminal offences designed to punish and prevent economic crimes including fraud, false accounting and money laundering when committed by companies, is available here. Views are sought on the identification doctrine and, if needed, various reform options including the creation of new 'failure to prevent' offences adopting the model found in section 7 of the Bribery Act 2010.
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