The Ministry of Justice says it will be consulting on plans to extend the scope of the criminal offence of a corporate “failing to prevent” beyond bribery and tax evasion, to other economic crimes. Apparently, police and other law enforcement agencies can struggle to prosecute corporations for money laundering, false accounting, and fraud under existing…

The UK has seen a double-digit rise in economic crime against corporates in the last two years with 55% of organisations affected (up 11% since 2014), according to PwC’s latest Global Economic Crime Survey. Sixty per cent of economic crime in the UK was committed by external perpetrators, up from 56% in 2014. While there…

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