The NCA has been granted freezing orders on eight bank accounts containing a total of more than £100 million, which is suspected to have derived from BRIBERY AND CORRUPTION IN AN OVERSEAS NATION. The Account Freezing Orders (AFOs) were obtained at Westminster Magistrates Court on 12 August, and represent the largest amount of money frozen using […]

Billions of pounds have been laundered through the City of London, despite Britain remaining one of the safest and cleanest places in the world to do business, the home secretary has said. Amber Rudd issued the warning as she announced plans for a new national economic crime centre, with the power to task the Serious Fraud […]

The Ministry of Justice (MoJ) has launched a call for evidence on the reform of the law on corporate liability for economic crime, focusing on criminal offences designed to prevent economic crimes such as fraud, false accounting and money laundering when committed on behalf or in the name of companies.  The call for evidence seeks views on: whether the […]

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. 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 […]

Earlier this year, former Prime Minister David Cameron announced that the Government would consult on creating a new offence of failing to prevent economic crime. It appears that momentum is once again gathering behind the proposed new offence with the consultation process to begin shortly. SPEED READ If a controversial new law is introduced in […]

Writing in the Guardian ahead of the anti-corruption summit of world leaders on 12 May, David Cameron announced the government’s intention to create new corporate offences as part of the fight against corruption, stating that “… in addition to prosecuting companies that fail to prevent bribery and tax evasion, we will consult on extending the […]

The expected creep of corporate criminal liability across the economic crime landscape which began with the Bribery Act 2010 continues apace. Companies need to keep on top of their systems and controls in anticipation of ever greater interest from the authorities in their control and oversight of employees and others under their control. TAX EVASION […]

The Communist Part of China’s crackdown on corrupt officials has created a wave of economic fugitives, who are fleeing China to escape trial. The Ministry of Public issued the photos of alleged economic fugitives from China, many of whom are thought to be in Australia. The Chinese diaspora is widespread. Since President Xi Jinping began […]