Home / Corporate Crime

Legal News

Government confirms introduction of failure to prevent fraud offence

Copyright © 2025 LexisNexis

Published on: 26 January 2023

Published by LNB News

LNB News 26/01/2023

Document Information

Issue Date: 26 January 2023

Published Date: 26 January 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

During the Commons Report Stage of the Economic Crime and Corporate Transparency Bill (ECCT Bill) on 25 January 2023, Security Minister Tom Tugendhat MP confirmed the Government’s intention to bring forward a failure to prevent fraud offence in the ECCT Bill when it progresses to the House of Lords. John Binns, Partner at BCL, Quinton Newcomb, Partner at Fieldfisher, Neil Swift, Partner at Peters & Peters, and Sam Tate, Partner at RPC, have commented on this significant development.

Popular documents

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of