UK: Fraud Advisory Panel report - 'hidden in plain sight: domestic corruption, fraud and the integrity deficit'

The Fraud Advisory Panel has published a report titled 'Hidden in plain sight: domestic corruption, fraud and the integrity deficit': see here (pdf). The report provides an overview of the anti-corruption framework in the UK as well as highlighting well-known and emerging areas of concern. It ends with a 'blueprint for action', arguing (amongst other things) for greater and easier access to court information and documents; the creation of a central public reporting mechanism (the Home Office is currently exploring options for a centralised reporting mechanism: see here, pdf); and the introduction of corporate criminal offence in respect of the failure to prevent economic crime (the subject of a Government call for evidence in 2017).

UK: Fraud Advisory Panel chairman calls for company law changes in respect of company formation

Writing in today's Independent newspaper, the chairman of the Fraud Advisory Panel, Ros Wright CB QC, has called for changes to company law in respect of company formation: see here. Several proposals are put forward, including requiring new company directors to prove their identity and demonstrate their good character.