On 26 October 2023, the Economic Crime and Corporate Transparency Act (the “Act”) received Royal Assent.
Among other measures to further tackle economic crime1 it has introduced a failure to prevent fraud offence and...more
Background and history of proceedings -
The background to the latest instalment in the long-running dispute between Sports Direct International (“SDI”) (now renamed Frasers Group plc) and the Financial Reporting Council...more
The Coronavirus Job Retention Scheme -
On 26 March 2020, the UK Government announced the Coronavirus Job Retention Scheme (“the Furlough Scheme”). The Furlough Scheme was designed to protect the UK economy by assisting...more
The courts have recently sent contrasting signals in respect of the scope of legal professional privilege (“LPP”). In A v B and Financial Reporting Council, Mr Justice Trower restated and applied the law on legal advice...more
The Court of Appeal has recently handed down a number of important judgments addressing the scope of Legal Professional Privilege (LPP). In Sports Direct International plc v Financial Reporting Council, a unanimous Court of...more
5/12/2020
/ Administrative Proceedings ,
Auditors ,
Corporate Investigations ,
Document Productions ,
Financial Reporting Council (FRC) ,
Ireland ,
Legal Advice Privilege ,
Legal Professional Privilege ,
Privileged Communication ,
Protected Disclosures ,
Regulatory Agencies ,
SATCAR ,
Third-Party Service Provider ,
UK
France is off to a strong start enforcing Sapin II, its December 2016 anti-corruption legislation. Since the enactment of the statute, the lead French investigating and prosecuting agencies, the Parquet National Financier...more
8/8/2019
/ Anti-Corruption ,
CJIP ,
Confidentiality Policies ,
Cooperation Agreement ,
Corporate Monitoring ,
Criminal Investigations ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fines ,
France ,
Litigation Privilege ,
New Guidance ,
Prior Conviction ,
Sapin II ,
Self-Reporting ,
Serious Fraud Office (SFO) ,
UK ,
United States ,
Voluntary Disclosure
The Criminal Finances Act 2017 (the “Act”) represents a further significant development in the approach to the investigation and prosecution of financial crime in the UK1. The new offence of failure to prevent the...more
The UK Criminal Finances Act 2017 (the “Act”) represents a further significant development in the approach to the investigation and prosecution of financial crime in the UK. The new offence of failure to prevent the...more
6/15/2017
/ Banks ,
Criminal Investigations ,
Disclosure Requirements ,
Financial Crimes ,
Financial Services Industry ,
Information Sharing ,
Money Laundering ,
Moratorium ,
Reporting Requirements ,
Suspicious Activity Reports (SARs) ,
UK ,
UK Criminal Finances Act 2017
Part One: "A Fistful of Tax Dollars" - A New Corporate Offence of Failure to Prevent the Facilitation of Tax Evasion..
The Criminal Finances Act 2017 represents a further significant development in the approach to the...more