Fraud class of 2011

A number of big fraud cases hit the media in 2011. Hannah Laming of Peters & Peters looks at some of the most significant and highlights the legal, compliance and risk management issues raised.

Hannah Laming (+44 (0)20 7822 7752, hannah.laming@ petersandpeters.co.uk) is an associate at Peters and Peters.

Corporate corruption cases subject to civil settlement

Since 2008, the Serious Fraud Office (SFO) has had powers to recover the proceeds of crime through the civil courts under Part 5 of the Proceeds of Crime Act 2002 (POCA). In 2011, the SFO used these powers to settle three cases against corporate entities where corruption was alleged.