In a bid to ensure more convictions of white-collar criminals, the
Financial Services Authority is considering
offering US-style immunity from prosecution to criminal accomplices.
This was revealed in a speech by Margaret Cole, head of enforcement at the
City regulator, to US lawyers who described such a system, as ‘valuable tool for
obtaining convictions in all manner of offenders’.
In her speech Cole said Britain’s success rate in convicting fraudsters was
‘sparse’ and contrasted it with the much greater success of prosecutors such as
Eliot Spitzer, the New York
Plea bargaining is
not formally recognised in the English legal system and not approved of by the
legal establishment, The Times reported.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements