The City of London Corporation has announced plans for a new centralised court complex with a focus on fraud and cyber crime.
In an attempt to boost London’s standing as an international legal centre after Brexit, the 18-courtroom development will hear economic and cyber crime cases, as well as other criminal and civil disputes. It is expected to take some of the workload of other London courts.
While the new court complex indicates the UK’s determination to maintain its standing as an international legal centre, its emphasis on economic crime indicates the authorities’ increased determination to tackle this problem. With recent years having seen far-reaching legislation regarding bribery, money laundering, tax evasion and the proceeds of crime, it is unlikely that courts created to hear such cases will be under-used.
This means that those in business have to make sure they have done everything possible to prevent wrongdoing in their workplace. If need be, they should take legal advice to ensure their preventative measures are fit for purpose.
Failure to do this could easily lead to prosecution.
Read our article: TACKLING BUSINESS CRIME IN YOUR WORKPLACE