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UK offenses of 'failing to prevent' money laundering and fraud will be proposed, minister says

By Martin Coyle and Jakub Krupa ( January 26, 2023, 12:39 GMT | Insight) -- UK companies face being held to account for failing to prevent fraud and money laundering after the government indicated it was willing to amend draft financial crime legislation to include such prosecution powers, long urged by campaigners. They would be similar to a "failure to prevent" offense included in the Bribery Act.UK companies face being held to account for failing to prevent fraud and money laundering after the government indicated it was willing to amend draft financial crime legislation to include such prosecution powers, long urged by campaigners....

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