Is failure to prevent fraud the future direction of corporate liability?

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Craig Hogg and Caroline Timoney of Peters & Peters discuss in IFA Magazine. Earlier this month Max Hill QC, Director of Public Prosecutions for England and Wales, and Lisa Osofsky, director of the Serious Fraud Office (SFO), spoke at the 39th Cambridge International Symposium on Economic Crime where both expressed their support for expanding the […]

‘Greenwashing’: fashion industry in the spotlight

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In July, the UK Competition and Markets Authority (CMA) launched an inquiry into ASOS, Boohoo and George at Asda to investigate potentially misleading ‘green’ claims by the three fashion brands.   The watchdog is concerned that some of the firms’ fashion products are being marketed as being eco-friendly and sustainable, even though the businesses may […]

Criminal charges: why Swiss court found Blatter and Platini not guilty and what happens next

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In July 2022, a Swiss Federal Criminal Court (FCC) found former FIFA president Sepp Blatter and former UEFA president Michel Platini not guilty, following charges of corruption brought against them by the Office of the Attorney General of Switzerland (OAG). The fraud trial centred around an allegedly unlawful payment of about CHF 2 million made […]

Maria Cronin

CMA takes a shot at the fashion industry and “greenwashing”

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With more businesses using sustainability as a marketing tool, in a bid to attract environmentally aware consumers or to secure investment in environmental, social and governance (ESG)-related funds, it was only a matter of time before “green” or “eco-friendly” claims would attract the regulators’ attention.   In July 2022, the UK Competition and Markets Authority […]

Peters & Peters

A crack in Sepp Blatter’s defensive wall

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The Swiss acquittals of Sepp Blatter and Michel Platini — the former presidents of Fifa and Uefa, respectively — are the latest episodes in a long and sordid tale involving allegations of corruption, kickbacks and kick-offs.   Charges were brought on the grounds that a 2011 payment of 2.2 million Swiss francs from Fifa to […]

The end of the road? Extradition to Russia and the country’s abuse of Interpol

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For several years, the United Kingdom’s extradition arrangements with Russia and Russia’s membership of Interpol have been under severe strain. Does the Ukraine crisis now call for a fundamental change?   In this article for Global Investigations Review, Jasvinder Nakhwal, Nick Vamos and Alistair Jones argue that the Ukraine crisis and Russia’s expulsion from the […]

Nick Vamos

The SFO on trial; can it change its ways?

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The Serious Fraud Office (SFO) has published its Annual Report and Accounts, 2021-2022, alongside the much-anticipated findings of Brian Altman QC’s and Sir David Calvert-Smith’s reviews into the collapse of the R v Woods and Marshall trial and the SFO’s handling of the Unaoil investigation. The reviews cast a dark shadow over the Annual Report’s […]

How airdrops and NFTs are revolutionising the hunt for crypto fraudsters

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A few decades ago, Phil Collins sang ‘I can feel it coming in the air tonight (oh lord!)’, and 41 years later, these lyrics can conceivably be transposed as the anthem for crypto-fraud victims. Today, what is ‘coming in the air tonight’ is instead the NFT, modified for use in crypto litigation and airdropped onto […]

Can suspects prove their own innocence?

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Criminal investigations are inevitably intrusive and difficult; they can last months, if not years. Any associated media exposure will be deeply unpleasant, and will only increase with a charge and criminal litigation.   How might someone under police investigation prevent a charge from being brought and/or their case progressing to a trial?   Rachel Cook […]

Neil Swift Thinking

Holding corporates to account: are we there yet?

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Last month, the Law Commission published its proposed reforms to corporate criminal liability. Although the government has focused on economic crime recently, it may be some time before any reforms are implemented and the government will need to decide whether to adopt any of the Commission’s proposals, or proffer their own, as well as any […]