Titus, a partner in the firm’s Government Investigations & White Collar Litigation Department, was interviewed for an article on proposed reforms in anti-fraud regulations. She identified a potential pitfall in a proposed economic crime and corporate transparency bill, which would create a specific offense for “failure to prevent” an economic crime.
“If this offence becomes law, companies will spend millions trying to show that they did all they could to prevent those they do business with from committing financial crimes,” Titus said. “The trouble is, the law won’t discriminate on the size of the company involved. It will hit all organisations, not just those that the Serious Fraud Office wants to target.”