Regulators In UK Crunch Down On Companies Guilty of Wrongdoing

Regulators In UK Crunch Down On Companies Guilty of Wrongdoing

Ernst & Young’s Investigations Index analyzed fines and criminal prosecutions against businesses and individuals. The Index showed that the average fine has increased from £10.8 million to £42.3 million over the last two years, an increase of 291 per cent. The total amount in fines has increased by 271 per cent over the same period, totalling £2.45 billion.

John Smart, head of EY’s UK Fraud Investigation & Dispute Services team, said UK regulators were getting tougher on financial crime.



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