‘Failure to prevent’ proposals – a commercial impracticality?

Rob Wilson is director, forensic accounting, at Exiger, the financial crime, risk and compliance specialists. Contact him on rwilson@exiger.com

The proposed corporate criminal offence of ‘failure to prevent’ certain economic crimes represent a move from criminalising an act to criminalising inaction, argues Rob Wilson. He advocates a robust self-regulatory environment as well as possible development of formal regulation.