Deferred Prosecution Agreements became available in the United Kingdom on February 24, 2014. Some 18 months later, on November 30, 2015, Lord Justice Leveson approved the first one between the SFO and Standard Bank. In a guest article, Nicola Howard, a Barrister at 25 Bedford Row, and Jonathan Armstrong and André Bywater, lawyers with specialist compliance practice Cordery, explain how the Deferred Prosecution Agreement process works in the U.K., detail the Standard Bank case and examine what the case means for future corporate settlements. See “Standard Bank Fined by Both the SEC and the SFO in a Coordinated Settlement Featuring the First British DPA” (Dec. 2, 2015).
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