The UK's new corporate criminal offence of failure to prevent fraud applies to both domestic and overseas companies with a UK nexus. Companies must implement reasonable fraud prevention procedures to avoid liability.

The High Court addressed issues of media interference in criminal investigations in WFZ v The BBC [2024]. It prohibited the BBC from publishing a report to avoid prejudicing a sexual misconduct case, highlighting the complex interplay between media, police investigations, and legal rights.

Tornado Cash developer Alexey Pertsev was sentenced to 64 months for money laundering. The Dutch court found TC's design inherently facilitated laundering, with Pertsev and co-founders neglecting to prevent its misuse. The ruling raises concerns about liability for DeFi developers.

Neil Swift explains the different types of mortgage fraud that solicitors are likely to discover and how the regulators are attempting to tackle it

Any reform, particularly one as drastic as introducing negotiated justice must, I believe, be accompanied by an assurance that it would not diminish the public’s trust in the fair and evenhanded dispensation of criminal justice

1997. New Labour takes power, soundtracked by Northern Irish group D:Ream's Things Can Only Get Better, a song that has now become synonymous with political sea change. It was masterfully reimagined...

The FSA’s recent review of small firms and their responses to their financial crime regulatory of requirements was spurred by critical evaluations of the sector by the Financial Action Taskforce and National Audit Office, both in 2007.

MTIC fraud has had such a devastating effect on the VAT free movement of goods between one EU state and another that it is hardly surprising that it has prompted Government to produce one quick fix response after another.

Climate change litigation is rising globally, with UK litigators finding mixed success. Environmental groups have influenced government policies, but challenges against corporate directors have faltered. Recent judicial reviews highlight the importance of precise environmental disclosures in corporate filings, despite limited legal success.

One of the less surprising announcements in the wake of the formation of the coalition government in May was that George Osborne would press ahead with plans to consolidate individual prosecuting agencies such as the FSA and the Serious Fraud Office into a ‘super agency’ reporting to the Attorney General, via an expanded Law Officers Department.

Various sections of the FCA Handbook already require most firms to ensure the information they communicate is fair, clear and not misleading.

In November last year, the government released guidance on the new corporate criminal offence of failure to prevent (FTP) fraud. In the first of a series of four articles, we analysed what companies and their advisers.

Money laundering as a criminal offence has traditionally had a “dark twin”, a predicate offence which generates the funds to be laundered.

Internet websites providing 'novelty' documents may seem harmless but solicitors must be aware of their potential use in criminal activity, says David McCluskey

Richard Alderman, Director of the Serious Fraud Office, has pledged to protect vulnerable consumers in the UK from fraud , with a special emphasis on targeting ever-increasing boiler-room scams.

With the U.S. epicentre of the crisis and the involvement of U.S. institutions, U.K. executives face the real possibility of extradition to the U.S. to address allegations of fraud.

Earlier this month, the Serious Fraud Office (SFO) published its new strategy for the next five years.

In a recession, there is normally an increase in financial crime and an increase in the discovery of financial crime.

The Sentencing Council introduced new guidelines for perverting the course of justice and witness intimidation in England and Wales, aiming to ensure consistency and clarity in sentencing. These guidelines are expected to provide a structured approach and address variations in previous case law.

On 11 December 2008, the Office of Fair Trading (OFT) published its revised guidance on leniency and no-action (OFT 803) (‘The Guidance’), in relation to cases where companies or individuals come forward with information of their involvement in a cartel.