U.S. companies with ties to Britain could face criminal charges in the United Kingdom if they fail to prevent a wide range of financial crimes—including fraud and money laundering—under new laws that the government is planning.
The idea is to model the new rules on existing provisions in the U.K. Bribery Act of 2010, which criminalizes companies that fail to prevent bribery and corruption and controversially extends U.K. jurisdiction in this matter to any company with business connections in the country.
