The UK Economic Crime & Corporate Transparency Act 2023: What companies need to know and what they can do to prepare
By EsqSocial Corporation 23/04/25
The UK Economic Crime & Corporate Transparency Act 2023 sets out two major reforms making it much easier for UK authorities to prosecute corporate wrongdoing: - it substantially increases the circumstances in which a company can be held liable for crimes committed by their employees. Now, relevant offences committed by a company’s ‘senior managers’ can be attributed to the company. This reform came into force on 26 December 2023; and - it introduces a new corporate offence of ‘failure to prevent...
By: McDermott Will & Emery