Skip to Content

Company bosses may be held responsible for staff fraud.

Plans are being considered by ministers to hold company bosses liable if they fail to prevent a member of staff from committing fraud.

The measures, if passed, could have wide reaching implications for those potentially liable for corporate crime.

The new measures, yet to be unveiled, follow a crackdown on corporate crime and will follow on from proposals to make company boards liable for tax evasion.

The changes should form part of the new criminal finance bill, covering money-laundering, false accounting and fraud.

The changes are designed to give the authorities greater powers to prosecute those responsible, and act as a deterrent.

A spokes person said, 'it is important that companies take all precautions to ensure staffs do not commit fraud and if a company neglects this, then those responsible can be prosecuted'.

During the recent Libor fixing scandal many were held to account but it was only in America that employers were taken to court.

The Criminal Finance Bill 2016-17

The bill is designed to amend the Proceeds of Crime Act of 2002 and will-

- Legislate on terrorist's property/assets.
- Create corporate offences, in connection with fraud including tax evasion.

In October 2016 the Bill received its first reading in the House of Commons.

For details of its progress

http://services.parliament.uk/bills/2016-17/criminalfinances.html


Company bosses may be held responsible for staff fraud.
Image Description
related news
recent articles
Double Jeopardy Law

What is Double Jeopardy? and is it still Law in the UK?..

link

Children and the Law Leaving a child at home.

There is no age laid down by the law stating when your child is old enough to be left home alone; however, it is against the law to leave a child home alone if..

Speeding motoring offences

Speeding motoring offences
Over 100,000 motorists are caught speeding each year, many have attended speed awareness courses, many were fined and received point..

Defamation Law Solicitors | Solicitors

Defamation Law Solicitors. Defamation (also called calumny, libel (for written publications), slander (for spoken word), and vilification) is the communication..

What is a Section 60 notice?

Over 2000 section 60 notices have been issued in London last year..

link

Mediation Solicitors.

Mediation Solicitors.
Mediation is a process during which a couple is helped by an impartial third party (a mediator). ..

Fraud Solicitors | Solicitors.com

Fraud Solicitors. Fraud could be described as a deception in order to secure unfair or unlawful gain, usually monetary...

Corporate Finance Law.

Corporate finance Solicitors will be able to assist with mergers and acquisitions, the buying of one company of another (M&A), and equity fundraising, or any ot..

Stop and Search Laws to be changed?

Police Chiefs are calling for a change in the 'stop and search' l..

link

Licensing Law Solicitors | Solicitors.com

Licensing Solicitors.
Licensing Law Solicitors can advise you on any licensing matter including, premises licensing (food and alcohol), entertainment, betti..

Children and the Law - Smacking

Children and the Law - Smacking.
It is surprising that the UK have not adopted the same stance as in Europe where the EU have adopted a clearer stance in makin..

Social media in the work place

Social media in the work place - Staff using social media in the work place can become a problem, productivity and performance can be affected by the time spent..

Image Description
Is there anything wrong with this page? - any amendments will receive accreditation - email us

Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.

Information by area of law
Back to top