Legislation Related to Business Crime in UK

Updated on Wednesday 22nd February 2017

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New pieces of regulation were recently introduced in UK in order to fulfill the important need of everyday businesses to be ready to face various challenges in the business field, as well as their capability of finding solutions in cases of business crimes.

The risks faced in all business industries are quite important and cannot be overlooked. Consequently, they will generate an increasing emphasis on corporate responsibility and law enforcement agencies all around the globe. 
Our solicitors in London will offer complete information on the matter, providing as well details on legislation related to business crime in UK.

Most frequent business crimes in UK

In order to maintain the UK’s reputation as a safe and secure place for investments and doing businesses, crimes of all types must be eradicated by imposing the proper legal liability and punishment.

Some of the following are the most common specific offences relevant to corporate or business crimes in UK:
•    Fraud Act offences;
•    Theft Act offences;
•    conspiracy to defraud;
•    bribery and corruption;
•    money laundering;
•    insider dealing and market abuse;
•    terrorist financing and financial/trade sanctions;
•    financial record keeping;
•    corporate liability;
•    cross-border co-operation;
•    immunity and leniency etc

Our criminal lawyers in London will offer their legal advice if you happen to be involved in one of these or other business crimes, taking care of  all aspects of regulatory compliance and crime.

Legal authorities managing the investigation of business crimes in UK

The responsibility for the investigation and prosecution of business crime in UK is shared between three specialist agencies: the Financial Conduct Authority (FCA), Office of Fair Trading (OFT) and the Serious Fraud Office (SFO).

Additionally, serious frauds investigated by the police and tax frauds that are investigated by Her Majesty’s Revenue & Customs are cases in which prosecutions are unfolded by the Crown Prosecution Service Central Fraud Division. 

The UK is engaged in developing a successful modernization of its anti-corruption laws starting with 2007. After that, the Bribery Act 2010 came into force on 1 July 2011. Simultaneously with the legislative reform, the Serious Fraud Office’s investigative resources were being directed towards coping with conceptions of historic potentially corrupt conduct, seen through the antiquated pre-existing legislation. Thereupon, the number of complex prosecutions appeared to correspondingly diminish. 

To come to your aid by offering legal advice and expertise regarding business crimes in UK you might be employed in, please contact our London defence solicitors.


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