Deferred Prosecution Agreements (“DPAs”), the Government’s newest weapon in the fight against corporate crime, become available to prosecutors from 24 February 2014. They will widen the scope for enforcement against companies and corporate entities involved in fraud, money laundering, bribery and corruption. On 14 February 2014, the Director of the Serious Fraud Office and the […]

Deferred Prosecution Agreements (“DPAs”), the Government’s newest weapon in the fight against corporate crime, become available to prosecutors from 24 February 2014. They will widen the scope for enforcement against companies and corporate entities involved in fraud, money laundering, bribery and corruption. On 14 February 2014, the Director of the Serious Fraud Office and the Director […]

12 Feb 2014 – two men were arrested in connection with investigations which are believed to concern Rolls-Royce’s dealings in Asia. The arrests come following various warranted searches across London implemented by the Serious Fraud Office (SFO). Both the SFO and Rolls-Royce have declined to comment on the arrests, although a source stated that the […]

Sentencing Council Guidelines, Prosecutors’ Code of Practice to be released in the coming days The SFO has confirmed that deferred prosecution agreements (“DPAs”) will be available in the UK from 24 February 2014. DPAs are a proposed alternative to criminal prosecution, which are intended to address the commission of economic crimes by commercial organisations. Under […]

The financial transactions between those who allegedly received about 20 million Euros as kickbacks in the AgustaWestland VVIP helicopter deal are being probed by a third country as well. This came to light after the Central Bureau of Investigation (CBI) last week received a communication from its counterpart in Mauritius, the Independent Commission against Corruption. […]

In Lloyds Trust Co (CI) Limited v Fragoso(1) the Royal Court recently clarified the basis on which professional trustees hold trust assets that ultimately derive from the proceeds of bribes received by a settlor. Facts The trust in question was established in 1999. The settlor, Carlos Fragoso, told the trustee, Lloyds, that the moneys settled […]

Beginning in February 2014, the agreements may be used as a sentencing tool for corporate bribery, fraud, and other economic crimes. Under the UK Crime and Courts Act 2013, which received royal assent in April, deferred prosecution agreements (DPAs) will be made available from February 2014 to the Director of the Serious Fraud Office (SFO) […]

The CPI, originally launched in 1995, ranks countries according to how corrupt their public sector is perceived to be. The index is compiled using a combination of polls drawing on corruption-related data and also reflects the views of observers from around the world. Countries/ territories are given a score between 0 and 100 (with 0 […]