UK to beef up corporate crime law

“Failure to prevent” economic crime at heart of Ministry of Justice consultation to reform corporate law.
The UK is pushing ahead with efforts to bring in a new law to make companies liable for failing to prevent economic crime.
The Ministry of Justice yesterday launched a consultation proposing to change the approach of law in the UK to a "failure to prevent model, whereby a company is liable unless it shows it has taken steps to prevent offending".
Currently, the Serious Fraud Office in the UK operates under the "directing mind" principle, where it has to demonstrate there is board-level activity behind crimina
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