Jonathan Fisher KC examines the anticipated new ‘failing to prevent fraud’ offence writing for Counsel Magazine
The new ‘failing to prevent fraud’ law will focus on the organisational failure of a company to prevent wrongdoing...
The new ‘failing to prevent fraud’ law will focus on the organisational failure of a company to prevent wrongdoing committed by an individual associated with the company as an employee or agent performing services on the company’s behalf. Writing for Counsel Magazine, Jonathan comments:
"The introduction of the new ‘failing to prevent’ offence will increase awareness in the corporate sector of the importance of preventing fraud in the fight against economic crime. By the enactment of the new offence, Parliament is making clear its expectation that the UK’s leading companies are required to act as good corporate citizens and accept legal responsibility for the way in which they organise their affairs where the prevention of fraud is concerned."
Read the full Counsel piece here.
Jonathan Fisher KC specialises in money laundering cases and is ranked by the independent legal directories in Band 1 for proceeds of crime, financial crime, and business crime cases. He has been described in the directories as “a fantastic silk who is an absolute must if you require responsive and intelligent, yet practical, advice", "having great gravitas … where the stakes are high" and "calm, sure and deadly at spotting the weaknesses of the opponent's case". Jonathan holds a PhD from The LSE where he is a Visiting Professor in Practice and an Honorary LLD from UWE. He is Editor Emeritus of Lloyds Law Reports:Financial Crime.
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