In pursuit of the proceeds of transnational corporate bribery: the UK experience to date

Nicholas Lord, Michael Levi

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter explores how responsible enforcement authorities, specifically the Serious Fraud Office in the UK, have targeted the proceeds of transnational corporate bribery generated for those corporations on the ‘supply side’ of the illicit transaction. The chapter analyses legal developments at the domestic and international level that provide a framework for the pursuit of the proceeds of corruption before going on to consider the specific control mechanisms available for targeting these proceeds, including confiscation, civil recovery, disgorgement, compensation, reparation and restitution alongside other sanctions such as criminal fines and voluntary payments. Here we also consider where these monies actually go and for what purpose. We conclude with a discussion of key issues in dealing with the proceeds of corruption and consider likely future scenarios in this area.
Original languageEnglish
Title of host publicationThe Handbook of Criminal and Terrorist Financing Law
PublisherPalgrave Macmillan Ltd
Publication statusAccepted/In press - 2017

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