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NLJ this week: Time for a failure to prevent economic crime offence?

01 April 2022
Issue: 7973 / Categories: Legal News , Criminal
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The invasion of Ukraine and subsequent focus on sanctions has put the spotlight on illicit wealth. Is it time to introduce a failure to prevent economic crime offence? 

Support for such an offence is mounting, say Daniel Martin, partner at JMW, and Red Lion Chambers barristers Michael Goodwin QC and Anita Clifford.

Writing in this week’s NLJ, the trio look at the implications for business in all sectors, the consequent expansion of the ‘identification doctrine’ and why the introduction of such an offence would need to be matched by an increase in resources at the Serious Fraud Office.

They write that the value of these type of offences ‘lies in their deterrent effect and ability to catalyse cultural change in companies both big and small.’

MOVERS & SHAKERS

Muckle LLP—Rachael Chapman

Muckle LLP—Rachael Chapman

Sports, education and charities practice welcomes senior associate

Ellisons—Carla Jones

Ellisons—Carla Jones

Partner and head of commercial litigation joins in Chelmsford

Freeths—Louise Mahon

Freeths—Louise Mahon

Firm strengthens Glasgow corporate practice with partner hire

NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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