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Corruption Watch UK has claimed that "a company committing economic crime in the US is far more likely to be hit with criminal, civil and regulatory penalties than one in the UK."

OFSI's Review describes its progress against three priorities: improving compliance through clear guidance; building capability to deliver its service and functions; and enforcing sanctions proportionately and robustly.

On June 15, 2023, the UK Government announced proposals to introduce the biggest reform of corporate crime legislation in more than 50 years...

Adam Hauxwell-Smith, whose companies supplied goods to Ikea, has been jailed for three years after pleading guilty to making corrupt payments to two Ikea staff in order to secure contracts. The two Ikea employees have also been jailed after pleading guilty to corruption and conspiracy charges.

A recent case puts businesses on notice that the Bribery Act 2010 has bite.

After months of delays the Bribery Act 2010 (the "Act") finally comes into force on 1 July 2011. The Act, which will completely replace the UK’s existing anti-bribery laws, is intentionally robust, being wide in both scope and jurisdictional effect and imposing significant penalties.

The Bribery Act 2010 received Royal Assent on 8 April 2010. The substantive provisions of the Act are not yet in force, and are now not expected to come into force until April 2011.

On 25 October 2016, the Criminal Finances Bill 2016–2017 (the "Bill") had its second reading in the House of Commons and passed without objection. In addition to containing the proposed new offence of failing to prevent the facilitation of tax evasion, the Bill is the vehicle being used to implement the legislative elements of the Government's Anti-Money Laundering/Counter-Terrorist Finance Action Plan.

A discussion which highlights recent suggestions of a possible review of the UK Bribery Act 2010, outline the way in which Deferred Prosecution Agreements are expected to work in the UK when they are implemented in February 2014 and summarise the proposed new sentencing guidelines for financial crimes published by the Sentencing Council for England and Wales in June 2013.

The Government published its "Economic Crime Plan, 2019 to 2022" on 12 July 2019 – a policy paper that proposed strategic action plans for tackling economic crime.

As is evident from the recent press coverage the FSA is using its powers under the Financial Services and Markets Act 2000 (FSMA) to conduct raids on premises for information with more confidence and frequency than ever before.

The UK's 'failure to prevent' model in corporate liability, extended to bribery, tax evasion, and now fraud, mandates strict liability for commercial entities unless they prove "reasonable procedures." However, ensuring foolproof internal controls to prevent misconduct remains challenging.

The UK Serious Fraud Office has revised its Corporate Cooperation Guidance to allow companies considering self-reporting to engage anonymously with legal representatives before making irreversible decisions.

The Bribery Act received Royal Assent in April this year and is due to come into force in April 2011.

The Crime and Policing Act 2026 significantly expands the circumstances in which a company can be held criminally liable for the actions of its senior managers.

Given the wide-ranging nature of this new offence, we discuss what your organisation needs to know and do as soon as possible - especially in light of recent prosecutorial action...

The Bribery Act 2010 has been in force for over four years. For much of that time, businesses have waited for clarification of the s7 offence of failure to prevent bribery.

The Economic Crime and Corporate Transparency bill (the "Bill"), which is currently progressing through Parliament, is reportedly due to include provisions introducing a new failure...