UK Prime Minister David Cameron has said corruption adds 10 percent to business costs globally.
Entries in Proceeds of Crime Act 2002 (5)
The circumstances in which a money laundering offense may also constitute a substantive criminal offense was the subject of a UK Supreme Court decision last week.
Undoubtedly, the most helpful decision this year for UK-based white collar crime lawyers was a tax related case in which the Supreme Court refused to extend legal advice privilege “LAP” to other professionals by reference to a legal function test. A copy of the decision is here (in pdf).
The U.K. Serious Fraud Office isn't making any promises to self-reporting companies.