{"id":70434,"date":"2016-05-12T11:00:02","date_gmt":"2016-05-12T11:00:02","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=e92759484332038bd45ad8265a44b184"},"modified":"2016-05-12T11:00:02","modified_gmt":"2016-05-12T11:00:02","slug":"press-release-new-plans-to-tackle-corporate-fraud","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=70434","title":{"rendered":"Press release: New plans to tackle corporate fraud"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The Ministry of Justice will consult on plans to extend the scope of the criminal offence of a corporate \u2018failing to prevent\u2019 beyond bribery and tax evasion to other economic crimes.<\/p>\n<p>Police and other law enforcement agencies can struggle to prosecute corporations for money laundering, false accounting, and fraud under existing common laws.<\/p>\n<p>The consultation will seek views and evidence to assess whether changes in the law could allow the courts to more effectively prosecute corporate economic crime. <\/p>\n<p>Justice Minister Dominic Raab said: <\/p>\n<blockquote>\n<p>The government is finding new ways to tackle economic crime and we are taking a rigorous and robust approach to corporations that fail to prevent bribery or allow the tax evasion on their behalf.<\/p>\n<p class=\"last-child\">We now want to carefully consider whether the evidence justifies any further extension of this model to other areas of economic crime, so that large corporations are properly held to account.<\/p>\n<\/blockquote>\n<p>The consultation, published this summer, will explore whether the \u2018failure to prevent\u2019 model should be extended to complement existing legal and regulatory frameworks. <\/p>\n<p>The consultation follows the recent announcement by the Prime Minister to bring forward a criminal offence for corporations who fail to stop their staff facilitating tax evasion and two recent prosecutions for the offence of failure of a commercial organisation to prevent bribery on its behalf.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New proposals to crack down on \u2018economic crimes\u2019 such as fraud and money laundering are to be considered later this year.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/70434"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70434"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/70434\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}