The UK’s fraud office has been slammed for failing to bring to court foreign
Nancy Boswell, the president and chief executive of Transparency
International-USA, was commenting on the Serious Fraud Office in a letter to the
Boswell said the SFO’s termination of the high-profile investigation into
foreign bribery allegations against BAE Systems cast doubt on its ‘commitment’
to fighting corruption.
‘Against that backdrop, the Serious Fraud Office’s consideration of the US
approach to confronting foreign bribery can be worthwhile if properly adopted,’
She suggested the SFO consider ‘deferred prosecution agreements’ as a tool
when dealing with companies.
‘Far from letting companies off lightly, such agreements generally require
companies to admit any wrongdoing, pay stiff penalties, co-operate in ongoing
investigations (which can lead to criminal prosecution of individuals), and –
vital to future prevention – to implement anti-bribery compliance programmes and
engage an independent compliance monitor for up to three years to ensure
implementation and to report back to the government on its findings,’ she said.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed