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Compliance: the way to mitigate criminal liability and improve the company's reputation

| News | Litigation

Benjamín Prieto participates in the conference "New challenges in compliance" organized by Andersen Tax & Legal and IVC Outsourcing

Benjamín Prieto, Partner of the Litigation, Insolvency and Arbitration area of Andersen Tax & Legal, participated in the conference "New challenges in compliance" organized by Andersen Tax & Legal and IVC Outsourcing in Madrid, where professionals from the sector met to learn about the implications of the 2010 Criminal Code Reform, which was an important novelty in the legal system by introducing Direct Criminal Liability of Legal Entities.

At the moment, companies must identify their risks, design control policies for their management, establish communication channels and implement a system of preventive measures that have a comprehensive impact on the organization, preventing the perpetration of crimes, and, where appropriate, exempting or mitigating the criminal liability of the company and any penalties arising therefrom. This was made clear at the conference where Benjamín Prieto explained the main challenges facing companies in terms of criminal compliance and provided effective formulas for implementing an appropriate compliance management system.

During the conference, Prieto explained that companies that do not implement a Criminal Compliance Program that is appropriate for the size of their structure and the risk of their activity, are exposed not only to the reputational risk that comes with committing a crime, but also to serious consequences such as fines, suspension of activity, judicial intervention and dissolution of the company. For their part, the directors, administrators and legal representatives of the companies also risk being personally liable for the consequences that result for the company from the commission of these offences.

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