Changes to UK Corporate Prosecution Regime: Implementation of Deferred Prosecution Agreements and New Sentencing Guidelines

Sullivan & Cromwell LLP - February 18, 2014

Two new initiatives will shortly bring UK regulators one step nearer to emulating their U.S. counterparts in the enforcement of corporate crime. First, beginning on February 24, 2014, the Serious Fraud Office will be permitted to enter into deferred prosecution agreements, for fraud, bribery and other economic crime. Second, on January 31, 2014, the UK’s Sentencing Council published the final version of sentencing guidelines for companies convicted of fraud, bribery or money laundering offenses.