Management could be prosecuted for failure to prevent fraud by staff
by Jessica Elgot Political reporter from Technology | The Guardian on (#1TECD)
Attorney general proposes expanding 'white-collar crime' laws to include money laundering and false accounting by employees
The government is pushing for new laws that could result in senior corporate executives being prosecuted for offences including fraud and money laundering carried out by staff, under an expansion of laws targeting white-collar crime first proposed by David Cameron.
The attorney general, Jeremy Wright, said the government was continuing the plan to consult on expanding "failure to prevent" offences - which currently cover only bribery and tax evasion - to a wider range of economic crimes committed by employees, including money laundering and false accounting.
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