New tool to tackle economic crime - The announcement by the Ministry of Justice on Deferred Prosecution Agreements

Plans for a new tool to tackle economic crime were published today for consultation by Solicitor General Edward Garnier QC and Justice Minister Crispin Blunt. Under Deferred Prosecution Agreements, companies would agree to publically admit wrongdoing, and meet tough conditions such as payment of substantial penalties, undertaking internal reform and submitting to regular review and monitoring. The whole process would be overseen by a judge and the threat of full prosecution would remain hanging over a company should they fail to comply with the agreement.

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