Definitive UK Sentencing Guideline for Corporate Offences Published
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- The UK’s Sentencing Council has published the first ever formal sentencing guideline for corporate offenders convicted of fraud, bribery and money laundering. This guideline will apply to all corporate offenders sentenced on or after 1 October 2014.
- For corporate bribery offences, fines will 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 guideline was adopted following a six-month consultation process and are an important part of the ongoing reform of UK white collar crime enforcement which also includes the imminent entry into force of Deferred Prosecution Agreements.