Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Company definition

What does Company mean? In legal practice, company describes an incorporated association formed to carry on business or another lawful purpose. Across England and Wales, Scotland and Northern Ireland this ordinarily means a body corporate formed and registered under the Companies Act 2006; in Ireland, under the Companies Act 2014. A company has separate legal personality (Salomon v A Salomon & Co Ltd), can own assets, enter contracts, sue and be sued, and typically provides limited liability for its members. Common forms are the private company limited by shares (Ltd), the public limited company (plc), the company limited by guarantee and the unlimited company....

Corporate Fraud: Indicators, Internal and Third-Party Investigations, Privilege, Self-Reporting (SFO/FCA), DPAs and Prevention

Published by a LexisNexis Corporate Crime expert

Practice notes

Preliminary steps

Before taking any action, reflect on:

what incident has triggered suspicion of corporate Fraud?
what is the monetary effect on the business—what Loss has been suffered?
when did the loss arise and by what means?
who can be held accountable for the loss?
is there material indicating the involvement of the individual concerned?

Taking early steps to identify and protect privileged material

Identify at the outset which documents might attract legal professional privilege (LPP). Refer to Practice Notes: Legal professional privilege in criminal proceedings; Maintaining privilege during criminal investigations; and Section 2 notices requiring production of documents. For multinational groups, also consult Practice Note: Issues of privilege in cross-border criminal investigations.

Indicators of fraud

Certain behaviours can signal fraud within a business. If internal misconduct is suspected in relation to a person or team, assess:

is there a legitimate contractual basis for any payments, and do any agreements present contractual red flags?
what oversight mechanisms or controls govern the management of contractual arrangements?...

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Web page updated on 21/05/2026

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