Market report: corporate crime
From sanctions, to ESG and auditor scrutiny, IHL looks at the issues set to keep in-house lawyers busy this year and asks how businesses can best prepare.
2022 may have disappeared into the rear-view mirror but the economic and geopolitical strife and uncertainty that came with it have carried over into 2023. Amid the ongoing war in Ukraine, soaring inflation and energy costs and increasing scrutiny of their processes, businesses continue to face challenges that threaten both their balance sheets and their reputations.
And, from a corporate crime perspective, uncertainty also looks set to be the forecast for 2023. After a year that saw failed prosecutions and collapsed investigations raise questions about the future of the Serious Fraud Office (SFO), the organisation now needs to hunt for a new leader, with controversial director Lisa Osofsky set to step down this summer.
