In January, the last of the criminal trials into the 2014 Tesco accounting scandal collapsed. In yet another blow for the SFO, the case has exposed a number of fundamental issues with DPAs, placing the prosecutor’s use of the settlement regime under the spotlight. Read more
Last week, 27 students from 7 schools across London joined us for our first ever online P&P Insight Day, in partnership with Access Aspiration. Students listened to firm and industry insights during a talk and Q&A with our Managing Partner, Business Crime Partner, Civil Of Counsel and Head of HR. The questions explored moral dilemmas, […]
The Private Prosecutors’ Association (PPA) has launched a consultation on its draft Code for Private Prosecutors. Private prosecutors have an obligation to act as ministers of justice; they must act impartially and comply with onerous disclosure obligations. However, private prosecutions give rise to issues and challenges that differ from those in public prosecutions. Whilst various […]
The UK Government intends to reform the law on limited partnerships as part of its strategy to combat money laundering, other economic crimes and the use of UK entities in such schemes.Read more
We are delighted to announce that Brian McDonald has been shortlisted as “Employer Mentor / Line Manager of the year” in the Just IT Apprenticeship awards 2019. Read more.
We’re not expecting to see much of a dramatic change, in terms of how breaches are punished or how they are enforced, But we may well see changes to the reporting obligations, which at the moment apply to a relatively limited subset of regulated businesses and professions, as well as the financial sector, that may […]
UK banks have been put under immense pressure to tighten their sanctions compliance measures following the decision by the Office of Financial Sanctions Implementation (OFSI) to fine a lender involved in a transfer of £200 in breach of an asset freeze. Partner Anna Bradshaw comments, “Banks should be carefully examining their compliance controls and systems […]
In a Financial Times article on the conclusion of the Treasury Committee’s Economic Crime Inquiry, Partner Anna Bradshaw is quoted saying that the committee had been “too relaxed” about the UK’s ability to secure agreements post-Brexit that were “comparable to existing ones on co-operation, particularly on intelligence exchange”. Any replacement arrangements were likely to be “markedly weaker than existing […]
Partner Anna Bradshaw’s comments are quoted by Reuters in their article on the Treasury Committee’s recommendations for overhauling of the UK’s anti-money laundering and anti-financial crime defences. On the implications of the Committee’s recommendations for banks, Anna says: “From the perspective of banks, the report may be a sobering read in that it calls for more aggressive […]
Private prosecutions can offer speed and efficiency when compared to public prosecutions. But, experts and commentators in this field have also warned that they give rise to unique risks and ethical questions when compared with public prosecutions. The conduct of public prosecutors is governed by legislation, codes of conduct and guidance. However, it is not […]
