This article was first published by the Law Society Gazette on 6 April 2020.
Background
While debate rumbles on over the extension of 'failure to
prevent' offences into the broad spectrum of financial crime,
including fraud and money laundering, some have called for their
introduction into an altogether different sphere: human rights.
Last month, the British Institute of International and
Comparative Law published a report describing its vision for how
the model could operate to punish companies deemed responsible for
human rights abuses in their supply chain ("the
Report").1
The central contention of the Report is that legislating to
punish corporate failure to prevent human rights abuses will
provide legal certainty regarding the human rights obligations that
companies face and encourage them to take steps to guard against
abuses in their supply chain.