Plans for a new tool to tackle economic crime were published today for consultation by Solicitor General Edward Garnier QC
Under Deferred Prosecution Agreements, companies would agree to publically admit wrongdoing, and meet tough conditions such as payment of substantial penalties, undertaking internal reform and submitting to regular review and monitoring.
The whole process would be overseen by a judge and the threat of full prosecution would remain hanging over a company should they fail to comply with the agreement.
Solicitor General Edward Garnier QC said:
"If we can encourage companies to self-report and come clean, pay penalties and mend their ways, the time and expense of investigations and prosecutions will be better spent elsewhere, enabling us to bring more individuals and companies to justice.
Read the full report here: