Financial Crime Financial Crime

UK offenses of 'failing to prevent' money laundering and fraud will be proposed, minister says

By Martin Coyle and Jakub Krupa
  • 26 Jan 2023 12:39
  • 26 Jan 2023 12:39
UK companies face being held to account for failing to prevent fraud and money laundering after the government indicated it was willing to amend draft financial crime legislation to include such prosecution powers, long urged by campaigners.
In a debate in Parliament on the Economic Crime and Corporate Transparency Bill, security

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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.

Jakub Krupa

Senior Correspondent

Jakub joined MLex’s London team in August 2020 to report on topics including data privacy and security, cybersecurity, and telecom regulation, focusing on EU & UK regulatory and legal risk in the telecoms, media and technology (TMT) sectors. He is currently working on MLex's coverage of future mobility, in particular the rise of connected, electric and autonomous vehicles.

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