Financial Crime Update

Financial Crime Update - June 2021

Deferred Prosecution Agreements (DPA) are gradually becoming an established alternative that corporate offenders in the UK are turning to. The concept which encourages corporate offenders to self-report and pay the cost of the criminal acts allegedly committed, while affording them the opportunity to rectify their internal malfeasance have, since its introduction in 2014, recorded large scale financial penalties against corporate offenders. This Update argues that although the financial penalties agreed and arrived at by the courts appear to be effective, the computational methodology employed in arriving at the financial penalties gives room for inconsistency.