This week saw the government's long-awaited introduction of a proposed new offence of "failure to prevent fraud" in amendments to the existing Economic Crime and Corporate Transparency Bill.

On September 17, 2018, the final defendant in an investment fraud case was sentenced to 11 years' imprisonment following "Operation Tidworth," ...

On June 16, 2016, following investigation by the FCA, five persons appeared in a UK court charged with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.

Worldwide freezing orders are one of the most powerful weapons of the English Courts. But how do you get one and what will it do?

Further Government amendments which have recently been made to the Economic Crime and Corporate Transparency Bill (the "Bill") would expand the scope of the "identification doctrine"...

With so much potentially at stake, the initial steps and strategic decisions taken in any company investigation are critical to setting the tone for a focused, credible and effective inquiry.

In May 2023, the government published the Fraud Strategy, which committed the government to launch an independent review into the operation of the disclosure regime in a digital age...

See Page 26 of the December issue of ThoughtLeaders4 FIRE for some thoughts on the asset recovery aspects of the new Economic Crime and Corporate Transparency Bill...

Jamas Hodivala KC and Laura Middleton discuss PwC's inaugural ESG fraud survey, its overlap with the Economic Crime Survey, and the ESG Fraud taxonomy, analyzing whether businesses effectively identify relevant ESG fraud and misconduct risks.

The new corporate offence of failure to prevent the facilitation of tax evasion came into force on 30 September 2017 under Part 3 of the Criminal Finances Act 2017.

In the first episode of our new investigations podcast series, join Robert Hunt, Elizabeth Head and Eamon McCarthy-Keen who offer an insight into what this series will cover...

On October 28, 2014, the UK’s Serious Fraud Office ("SFO") announced that it has issued criminal proceedings against Noel Cryan, a former employee at Tullett Prebon Group Ltd, for the manipulation of LIBOR, which brings the number of individuals facing charges brought by the SFO for LIBOR manipulation to thirteen.

The Serious Fraud Office has published a press release announcing it has charged four men with offences of conspiracy to commit fraud by false representation and conspiracy to furnish false information, contrary to section 1 of the Criminal Law Act 1977.

A former executive of Sweett Group PLC has been convicted of two destruction of evidence offences, contrary to section 2(16) of the UK Criminal Justice Act 1987.

Speaking at The Lawyer's Managing Risk and Litigation 2018 Conference recently, Matthew Wagstaff, Joint Head of Bribery and Corruption at the SFO, outlined the agency's current priorities and future directions for 2019.

Third parties often find their assets entangled in confiscation orders. We specialise in representing interested parties, typically family members or business associates, who are inadvertently involved in confiscation proceedings.

On November 1, 2018, the U.K. FCA published the Final Notice (dated October 30, 2018) that it issued to a former employee of a major international bank ...

A UK court dismissed sanctions charges against art gallery Hauser & Wirth and logistics company Artay Rauchweger, ruling that prosecutors failed to prove the buyer of luxury artwork was "ordinarily resident" in Russia at the time of sale. The judge determined that evidence of continuing connection to Russia was insufficient to meet the statutory test for ordinary residence under UK sanctions regulations.

The Fraud Section of the U.S. Department of Justice Criminal Division recently published a summary of important topics and sample questions that it has frequently found relevant in evaluating a corporate compliance program.

For those facing a civil enforcement action, criminal investigation, or both, the choice of counsel has become increasingly complex and highstakes in the globalized economy.