Proposed UK Sentencing Guidelines for Corporate Offences
- The UK’s Sentencing Council has proposed the first sentencing guidelines for bribery and money laundering offences, along with updated guidelines for fraud. These include the first ever formal sentencing guidelines for corporate offenders.
- For corporate bribery offences, the basic proposal is for fines to be calculated by taking the gross profit of the contract obtained or sought and applying a multiplier of between 20 and 400% depending on the corporate’s culpability.
- The proposed guidelines are an important part of the ongoing reform of UK white collar crime enforcement, including the recent adoption of Deferred Prosecution Agreements (‘DPAs’).