Companies and banks that fail to prevent financial crime by their staff could face vast fines and be blacklisted from European contracts under a change to the Bribery Act being considered by the Government.
A proposed amendment put forward by David Green, head of the Serious Fraud Office, would give Britain’s fraud-busting agency wider powers to take direct action against corporates, enabling it to levy US-style fines and brand them with the stigma of abetting bribery.
via Firms face EU blacklist in bribery law change – Telegraph
