UK Fraud Office Hardens Stance On Self-Reporting Rules

Law360, New York (October 9, 2012, 9:36 PM EDT) -- Following a reworking of policies in relation to the U.K.'s Bribery Act, the country's Serious Fraud Office, which handles offenses such as corporate and investment fraud, said Tuesday that companies that self-report illegal activity will not necessarily be shielded from prosecutors.

The decision of whether to go after a company’s wrongdoing after it self-reports misdeeds will be made based the Full Code Test in the prosecutorial code and relevant joint prosecution guidance from the SFO and the Crown Prosecution Service, with no assurance that a company...
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