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NLJ this week: Time for a failure to prevent economic crime offence?

01 April 2022
Issue: 7973 / Categories: Legal News , Criminal
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The invasion of Ukraine and subsequent focus on sanctions has put the spotlight on illicit wealth. Is it time to introduce a failure to prevent economic crime offence? 

Support for such an offence is mounting, say Daniel Martin, partner at JMW, and Red Lion Chambers barristers Michael Goodwin QC and Anita Clifford.

Writing in this week’s NLJ, the trio look at the implications for business in all sectors, the consequent expansion of the ‘identification doctrine’ and why the introduction of such an offence would need to be matched by an increase in resources at the Serious Fraud Office.

They write that the value of these type of offences ‘lies in their deterrent effect and ability to catalyse cultural change in companies both big and small.’

MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

NEWS
Robert Taylor of 360 Law Services warns in this week's NLJ that adoption of artificial intelligence (AI) risks entrenching disadvantage for SME law firms, unless tools are tailored to their needs
The Court of Protection has ruled in Macpherson v Sunderland City Council that capacity must be presumed unless clearly rebutted. In this week's NLJ, Sam Karim KC and Sophie Hurst of Kings Chambers dissect the judgment and set out practical guidance for advisers faced with issues relating to retrospective capacity and/or assessments without an examination
Delays and dysfunction continue to mount in the county court, as revealed in a scathing Justice Committee report and under discussion this week by NLJ columnist Professor Dominic Regan of City Law School. Bulk claims—especially from private parking firms—are overwhelming the system, with 8,000 cases filed weekly
Charles Pigott of Mills & Reeve charts the turbulent progress of the Employment Rights Bill through the House of Lords, in this week's NLJ
From oligarchs to cosmetic clinics, strategic lawsuits against public participation (SLAPPs) target journalists, activists and ordinary citizens with intimidating legal tactics. Writing in NLJ this week, Sadie Whittam of Lancaster University explores the weaponisation of litigation to silence critics
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