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”

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

Discover MLex

Stay on top of global regulatory developments


Latest News