Financial Crime Financial Crime

Stronger ‘failure to prevent’ economic crime measures dropped by UK lawmakers

By Annie Robertson
  • 14 Jan 2021 05:40
  • 14 Jan 2021 07:24
A proposed amendment to UK law to broaden corporate liability for “failure to prevent” economic crime to include money laundering and fraud has been dropped by lawmakers.

The proposed reform had sought to equip “law-enforcement agencies with a powerful tool in their fight against money laundering and fraud,” Margaret Hodge, chairwoman of the

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