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 - Car Safety

Up until a child reaches the age of 12, or 135 cm, a child must use a booster or car seat, when a child is not required to use a car seat or booster they must,..

What can and can`t Bailiffs do

What can and can't Bailiffs do? Guide to stricter rules..

Computer & IT Law

Computer and IT Law.
Computer Law is concerned with controlling and securing information stored on and transmitted between computers. Computer networks contain..

What is a Section 60 notice?

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

link

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..

Neighbour Disputes | Nuisance Neighbours

Unfortunately, not everyone is respectful in life, most of the time we just move on and keep our opinion to ourselves, but when that comes to where we live you..

Energy Performance Certificates

Energy Performance Certificates. Domestic and Commercial properties that are available to buy or rent must have an Energy Performance Certificate (EPC). What a..

Stop and Search Laws to be changed?

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

link

Criminal Law

..

Discrimination at work | Age

Discrimination at work.
A person must not be treated differently to any other employee because of their .....

The sex offender register

The sex offender register - Guide..

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