Earlier this week, the U.K. Serious Fraud Office announced two firsts in connection with an enforcement action against Standard Bank Plc (currently known as ICBC Standard Bank Plc):
(i) the first use of Section 7 of the Bribery Act (the so-called failure to prevent bribery offense); and
(ii) the first use of a deferred prosecution agreement in the U.K.
‘Enforcement 40’ for 2020
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