Fraud reform proposals could lead to more fines for Cos.

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By Richard Crump (June 13, 2022, 9:09 p.m. BST) – Companies could face more fines for fraud if the government signs on to new proposals released Friday to make it easier for companies to hold themselves accountable when their top officials break the law, say legal experts.

The Law Commission, the organization tasked with revising Britain’s legal code, has outlined several options for reforming Britain’s outdated corporate criminal liability laws, including making companies liable for failing to prevent fraud by their employees.

Any legislation based on the Law Commission’s options could represent the “most significant changes in this area” in more than a decade, according to the former Serious Fraud Office…

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