New powers for State’s corporate watchdog

The Office of the Director of Corporate Enforcement (ODCE) will be bolstered rather than disbanded in plans to be announced this week.

It was reported yesterday that the ODCE, the State’s corporate compliance watchdog, was to be effectively disbanded when the tougher powers to tackle white-collar crime are revealed on Thursday.

However, while the ODCE will see its remit altered from its current position, suggestions that it is to be broken up were described as “inaccurate”.