Potential reform of corporate criminal liability for economic crime
On 13 January 2017 the Ministry of Justice ("MoJ")
published a call for evidence ("CfE") regarding potential reform of
the law concerning corporate criminal liability in respect of economic crime.
This publication is the latest development concerning a potential new offence
of failure to prevent economic crime, which was first announced by David
Cameron in May 2016.
The purpose of the CfE is to enable the MoJ to obtain evidence
as to whether reform of the law of corporate criminal liability is required,
and if so, what form this should take. If the government determines that
reform is required following the CfE then the next stage will be a full
consultation on a detailed proposal and draft legislation – likely to take
place sometime in the summer of 2017. The changes that may result from
this process have the potential to be very significant for corporates, and the
fact that there will be full consultation and scrutiny of the proposals is
welcome, including the opportunity to engage at this early stage by responding
to the CfE.
- Cyber Security News
- Financial Conduct Authority News
- HM Treasury
- News
- The Institute Member Meeting - March 16, 2023
- Introducing AGENDA: The New Digital Member Publication for The Institute
- The Institute Digest 21/2/23
- The Institute Digest 14/2/23
- The Institute Digest 7/2/23
- The Institute Digest 30/1/23
- The Institute Digest 24/1/23
- The Institute Digest 16/1/23
- The Institute Digest 11/1/23
- The Institute Digest 14/12/22
- The Institute Digest 1/12/22
- The Institute Digest 23/11/22
- The Institute Digest 14/11/22
- The Institute Digest 6/11/22
- The Institute Digest 02/11/22
- The Institute Digest 27/10/22
- The Institute Digest 15/9/22
- Report on The Institute Meeting: September 2022
- The Institute Digest 7/9/22
- The Institute Digest (Bank Holiday Edition) 29/8/22
- The Institute Digest 22/8/22
- Annual Conference 2022 - Sponsor Update
- The Institute Digest 16/8/22
- The Institute Digest 12/8/22
- The Institute Digest 10/8/22
- Annual Conference 2022 - Speaker Update
- The Institute Digest 27/7/22
- The Institute Digest 22/7/22
- The Institute Digest 19/7/22
- The Institute Digest 14/7/22
- The Institute Digest 12/7/22
- Upcoming EMIR Margin Rules
- Potential reform of corporate criminal liability for economic crime
- ICO: Can you afford a data breach?
- ICA Information Sessions
- Publication of the Criminal Finances Bill 2016-17
- Managers' Transactions – Restrictions and Notification Requirements
- Implementing MLD4: Treasury consults
- Callcredit Fraud Summit
- 2017 IMLPO Annual Conference - 9th & 10th May 2017
- Serious Fraud Office secures second Deferred Prosecution Agreement
- Predictive coding ordered despite party’s objections
- MAR MONDAY
- EU extends Russian sectoral sanctions
- 2017 Member Meetings
- DOJ announces new FCPA pilot program to promote self-reporting
- OFAC issues regulations implementing new sanctions targeting Hizballah
- French anti-corruption developments: Sapin II law proposes new anti-corruption rules for businesses
- Sanctions update – creation of Office of Financial Sanctions Implementation and changes to UK financial sanctions regime
- Recent developments in Scottish and English bribery enforcement
- No Suremime-type duty of care owed directly to customer in connection with past business review
- Final ESMA Guidelines on UCITS V remuneration provisions: ESMA addresses the application of the proportionality principle under UCITS V and AIFMD
- Corporate Crime Monthly Update March 2016