News & Events
News & Events
The possibility of individual prosecutions of senior executives for corporate white-collar crime has arisen once more as a result of a Deferred Prosecution Agreement reached between a subsidiary of multinational outsourcing specialist Serco Group plc (Serco Group) and the Serious Fraud Office (SFO). The DPA, the fifth to be agreed in the UK, also heralds the likelihood that in future parent companies may be expected not just to take responsibility for wayward subsidiaries, but may need to extend remediation group-wide if a DPA is to be in the public interest. SGL agreed to pay a fine of £19.2 million, and the SFO’s costs of £3.7 million. Serco agreed to implement wide-ranging compliance changes across not just SGL but the entire…
News 4 Jul, 2019
Oliver Powell and Jeremy Scott-Joynt were invited by the AMLP Forum, the financial crime and corruption association, to speak at its Annual Anti-Bribery and Corruption Forum in London. Oliver chaired a panel on ‘Investigations – evolving best practice and lessons learnt from latest anti-corruption enforcement cases on both sides of the Atlantic’. Fellow panel members included Gaon Hart, Global Anti-Bribery & Corruption Policy, HSBC Group, and Cheryl Scarboro, Partner, Simpson Thacher & Bartlett LLP. Jeremy spoke on a panel concerning ‘Joint ventures & acquisitions – managing corruption risks in the context of fragility’. Fellow speakers included Jason Hungerford, Partner, Mayer Brown International & Co-Chair of the Tainted Assets Working Group, and Ed Wheatley, Sector Head of Ethics & Compliance, Johnson…
News 22 Nov, 2018
