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Annie Birch

Summary

There has been a recent trend of greater regulatory enforcement for international companies that “carry on a business (or part of a business) in the UK”.  We have set out in this article the relevant UK legislation and authorities that can enforce against international companies, with a particular focus on how these

Summary

As part of a new anti-corruption package announced on 3 May 2023, the European Commission has proposed a new directive (Directive) which, if implemented, would require EU member states (Member States) to meet common standards in their anti-corruption legislation.

More detail on the EU’s anti-corruption package, including the proposed new

On 19 July 2023, the UK government published proposed significant amendments to the Companies Act 2006, which would impose greater reporting requirements on large companies, including a requirement to report on material fraud. Coupled with the new failure to prevent fraud offence which we expect to come into force next year (see more here)

The UK government recently published its fraud strategy paper: Fraud Strategy: Stopping Scams and Protecting the Public.

The prevalence of fraud in the UK cannot be overstated: victims of fraud reported losing £2.35 billion in 2021 and recent research estimates fraud losses in 2021 equate to some £137 billion. The new fraud strategy has