Training & Knowledge: Business Crime & Financial Services

29th Mar 2021Blog

Fraud during the pandemic: might the government amend its Online Safety Bill?

The Covid pandemic has proven exceptionally lucrative for fraudsters. Statistics measuring the scale of financial loss vary because they capture different forms of loss. Whatever the precise figures may be, according to the Office for National Statistics, 4.4 million people in the UK said they had been the victim of fraud in 2020, losing £2.3 […]

17th Mar 2021Blog

‘We are what we do’: NatWest in the dock

NatWest’s board must be hoping that the Bank’s advertising slogan doesn’t prove to be memorable for all the wrong reasons. Yesterday, the Financial Conduct Authority (‘FCA’) announced that it had commenced criminal proceedings against NatWest in respect of offences under the Money Laundering Regulations 2007 (‘MLR 2007’). Details are scarce, but the allegations arise from […]

21st Jan 2020Newsletters

Breaches & Bungs

Brian O’Neill QC and Julia Faure Walker, who secured the convictions of two football agents and a former assistant head coach, consider the inter-relationship between the FA Regulations and the Bribery Act 2010.  In December 2019, following a two months’ trial at Southwark Crown Court, two football agents, Giuseppe Pagliara and Dax Price, and the […]

2nd Mar 2021Blog

Insolvencies, Pensions and Prosecutions

The Pension Schemes Act 2021 (PSA) received Royal Assent on 11 February 2021, after a long journey through Parliament. It began with a White Paper and then consultation paper in 2018, both of which advertised a stated aim of the enacting of a new criminal offence for company directors whose actions place a pension scheme […]

16th Feb 2021Blog

The Identification Principle in the 21st Century – Chris Gillespie looks at the Law Commission’s remit in its review of corporate criminal liability.

Last November the Law Commission began its review of the law relating to the criminal liability of non-natural persons, including companies and limited liability partnerships. The review will focus in particular on the identification principle by which, where a particular mental state is required to prove an offence, only the acts of a senior person […]