Saturday, June 25, 2016 3:06
Opinion: DPA’s must show greater benefits. We discuss the Criteria & Process for a DPA set out in Alun Milford’s (SFO GC) recent speech
In the second of our series we have extracted segments from the recent speech by Alun Milford the General Counsel of the SFO to an audience of compliance professionals where he dealt with DPA's. Mr Milford said: The timetable for considering a DPA "...towards the end of the investigation that we will decide how to deal with a corporate. If we judge that there is insufficient evidence against it, then that is the end of the matter so far as the corporate is concerned. Equally, if we consider we have sufficient evidence for a realistic prospect of conviction and the public interest warrants the corporate’s prosecution, we will prosecute. But if we think the public interest might not require a prosecution then we will consider a DPA." The process for a DPA "The mechanics of this are, I think, well understood. The SFO, not the suspect company, can invite DPA negotiations. If the company takes up the offer, we ...
More In International
- OPINION: Proper funding for the SFO and other economic crime enforcement enforcement is vital
- BREAKING: FIRST CORPORATE DISPOSAL OF FAILURE TO PREVENT BRIBERY OFFENCE
By Tom Stocker, Partner, Corporate Crime & Investigations, Pinsent Masons LLP Yesterday, two former employees of Edinburgh Council and two directors of a construction company received significant jail sentences for bribery contrary to The Public Bodies Corrupt Practices Act 1889 (the legislation that pre-dates the Bribery Act 2010). The council employees helped award contracts to Edinburgh Action Building Contracts Ltd (ABC Ltd) and in return they received extensive hospitality including corporate seats at Hibs and Hearts football grounds, meals out and visits to lap dancing bars as well as cash. Invoices were then inflated to cover the cost of the hospitality. The charges related to the maintenance of council buildings from 2006 to 2010. Council worker Charles Owenson was sentenced to 4 years and 4 months for accepting bribes. The sentencing Sheriff considered that, despite Mr Owenson's guilty plea, the plea-in-mitigation put forward on his behalf demonstrated that Mr Owenson had not accepted ...
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- Sins of the fathers: Compliance officers held personally liable for corporate ABC compliance failings
- FCA and SEC to target bribery in crackdown on financial services firms
News & what’s on
There will be no impact on present operational ability to detect, investigate and prosecute financial crime and bribery. Speaking this week at the C5 conference in London David Green confirmed that he could see no material impact on a BREXIT vote in connection with the SFO's work. However, questions are already being asked about the future of promises made by David Cameron at the recent anti-corruption summit which took place in London just over a month ago. EU cooperation among law enforcement agencies Speaking after the referendum vote yesterday both the Police and the UK's National Crime Agency likewise made plain that they will continue to closely cooperate with European partners following the BREXIT to ensure that law enforcement capability is not diminished. David Green made similar points to Barry when Barry asked the Director of the Serious Fraud Office the question earlier this week at the C5 conference in London. “Ahead of the EU referendum, we ...
More In News & what’s on
- BREAKING: Biggest corporate criminal law shake up announced as part of UK Anti Corruption Summit
- All that glitters is not gold. Sweett & Smith & Ouzman sentences throw into sharp relief benefit of DPA deals
Bribery Act & Proceeds of Crime
Civil Settlement for Scottish Company which self-reported violations of Section 1 & Section 7 of the Bribery Act highlights difference of approach North of the Border
The Crown Office & Procurator Fiscal Service, Scotland's Prosecution Service, recently announced the Civil Settlement of violations of the Bribery Act under Sections 1, and 7 of the Bribery Act by a corporate. We have extracted the press release put out by COPFS below. Scotland has a separate legal system to England and Wales and the Deferred Prosecution Agreement regime does not operate in Scotland. As a result, Civil Recoveries remain the only option for Scottish prosecutors to resolve bribery cases (short of prosecution). In contrast in England & Wales Deferred Prosecutions Agreements have effectively displaced the use of Civil Recovery Orders to resolve bribery cases short of prosecution. The SFO has taken an increasingly hard line on enforcement and resolution. This latest Scottish case is notable as it is the first case where a corporate has settled and accepted responsibility for not only failing to prevent bribery under Section 7 but also ...
More In Bribery Act & Proceeds of Crime
- The chronology of an SFO investigation – by Alun Milford GC of the SFO
- Hat trick for the SFO: First Section 7 Bribery Act Admission outside of a DPA* by Sweett Group PLC
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Your Questions: Answered
Question My company has entered into various contracts over the years with FIFA. I read with alarm last week the news stories about the arrests of FIFA officials in Switzerland. The US has signalled more arrests are likely and the Swiss prosecutor is also investigating. Should I be worried that my business may be drawn into the FIFA investigation and should I be doing anything now? Yours, Anon. The short answer Expect more revelations. So far the enforcement action in the public domain focusses on the alleged bribe recipients – expect the suspected bribe payers to be targeted next and under the full glare of publicity. A head in the sand approach is never the best option. Businesses who have negotiated licencing deals etc. with FIFA would be well advised to run some basic checks (speak to a lawyer before you do to make sure the checks don’t create legal problems) to confirm their deals are not tainted. The longer ...
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