Financial Crime Financial Crime

UK's lack of corporate-liability laws 'presents perverse incentives' for bosses to tune out, fraud office chief warns

By Annie Robertson and Robert Thomason
  • 02 Dec 2020 16:27
  • 02 Dec 2020 18:29
The UK’s lack of corporate-liability laws “presents perverse incentives for company bosses to remain willfully ignorant” of financial crime, Lisa Osofsky, director of the Serious Fraud Office, warned today. 

A company can only be successfully prosecuted for fraud and money-laundering offenses when it can be proved they were committed by a “controlling mind”

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