Financial Crime Financial Crime

UK 'failure to prevent fraud' offense must cover smaller companies, lawmakers insist

By Martin Coyle
  • 19 Oct 2023 16:56
  • 19 Oct 2023 16:59
Thousands of companies that the UK government said were too small to be included in a new law to root out financial crime could be dragged back into its scope after a pushback by lawmakers.
In a vote in the House of Lords, Parliament’s upper revising chamber, the government was

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Discover MLex

Stay on top of global regulatory developments

Latest News