Proposed UK fraud law takes aim at companies
An amendment to the UK Bribery Act 2010 could make companies liable for failing to prevent a wide range of economic crimes, likely leading to tighter operational risk controls at banks and other firms
Companies will need to ramp up their fraud prevention procedures or risk large financial penalties if a proposed new offence is passed into law, potentially reversing the UK's poor record in punishing corporate dishonesty.
The amendment to the UK Bribery Act 2010, currently under consideration by the government, would allow the criminal prosecutor to charge a company with failing to put in place
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