Criminal Finances Bill: Briefing for the House of Lords Second Reading

Friday, March 3rd, 2017

This briefing for the House of Lords Second Reading is supported by the following organisations who form part of the BOND Anti-Corruption Group and the Business Integrity Network and who are all working to ensure that UK companies can be held legally accountable for economic and broader crimes, including those committed abroad: Amnesty International, CAFOD, CORE Coalition, Corruption Watch, Global Witness, ONE, Rights and Accountability in Development (RAID), Tax Justice Network, The Corner House, Traidcraft, Transparency International UK.

The proposed amendments to the Criminal Finances Bill to create a corporate offence of failure to prevent economic crime would enable the government to fulfil its full manifesto promise and its commitment from the UK Anti-Corruption Summit to create a modern, fit for purpose corporate liability regime in the UK.

Reform would also form an important element of the Prime Minister’s commitment to “get tough on irresponsible behaviour in big business” and deal with problems of corporate  impunity.

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