Failure to Prevent an Economic Criminal Offence

Part of Criminal Finances Bill – in the House of Commons at 3:15 pm on 21st February 2017.

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Photo of Mark Field Mark Field Vice-Chair, Conservative Party 3:15 pm, 21st February 2017

In the US context, does my hon. Friend accept that there is often a political element there, despite the division of power? The prosecutor is often looking to make a name for himself by taking on a big bank—often, it has to be said, a big non-US bank. It is a particular concern—not just in the banking world but beyond—that overseas companies tend to be fair game as far as prosecutions are concerned. There is actually a rather different regime there, and it might not necessarily point to a desire and a need for a change in UK law.