RegulationCorporate GovernanceBusiness fraudsters heading for hardline treatment

Business fraudsters heading for hardline treatment

Businessmen convicted of fraud face hard-line treatment as an alternative to jail under measures open to judges

Business people convicted of fraud could be struck off professional
registers, ordered to wind up their companies and be forced to pay back their
victims, under proporsed measures open to judges as an alternative to jail.

Attorney
General Baroness Scotland
says the measures would prevent fraudulent
business people from committing further offences and give judges a ‘one stop
shop’ which, if put in place, could be used to improve sentencing of those
guilty of fraud offences, according to The Daily Telegraph.

She said the professionals who could be banned from practising under these
powers included legal services personnel, estate agents and financial services
personnel.

The powers form part of the Crown Court Powers consultation and is a response
to last year’s Fraud Review which found that these professions were most prone
to exploitation by fraudsters.

Further reading:

Fraud Review: nowhere to hide

Read
The Daily Telegraph story

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