Welcome to Season 2 of the award-winning Data Driven Compliance. In this new season, we will look at the new Failure to Prevent Fraud offense. Join host Tom Fox as we explore this new law and how to comply with it through the lens of data-driven compliance. This podcast is sponsored by konaAI. In this episode of Season 2, Tom is joined by Simon Airey and Caitlyn Sheard, partners at McDermott Will & Schulte LLP, and both experts in the fields of investigation and compliance from both sides of the Atlantic.
We take a deep dive into their recent article, ‘Cross Atlantic Impact, DOJ and SFO, Self-Reporting and Enforcement Priorities,’ exploring the critical topic of self-disclosure in the context of both U.S. and UK jurisdictions. The discussion covers the incentives for self-reporting under the DOJ’s updated policies, the Serious Fraud Office’s new guidance on voluntary disclosure in the UK, and the broadening scope of anti-economic crime laws, including the UK’s significant changes effective from 2023. The conversation highlights the complexities and strategic challenges companies face in making self-disclosure decisions, the emerging enforcement focus on cartels and economic crimes, and the ongoing robust enforcement of anti-corruption laws such as the FCPA and the UK Bribery Act.
Key highlights:
- Discussion on Self-Disclosure Incentives
- Challenges and Implications of Self-Disclosure
- Changes in UK Law and Its Impact
- Global Self-Disclosure Strategies
Resources:
Cross-Atlantic Impact: DOJ and SFO Self-Reporting and Enforcement Priorities
Click here for konaAI White Paper Rethinking Compliance: Practical Steps for Adapting to the UK’s New Fraud Legislation
Connect with Tom Fox on LinkedIn
