The Economic Crime and Corporate Transparency Act 2023 received Royal Assent on 26 October 2023. The Act is a landmark development in the UK Government’s long-standing efforts to enhance the UK’s economic crime enforcement framework, and the Act introduces a number of important measures designed to improve corporate transparency and tackle economic crime in the UK
In our latest Economic Crime Update webinar, we focus on:
- an overview of the Act;
- the introduction to the “failure to prevent fraud offence”, including (i) key elements of the offence, (ii) jurisdictional scope, (iii) enforcement implications, and (iv) the defence of reasonable fraud prevention procedures;
- the reforms to the law on attribution of corporate criminal liability for economic crimes, under the “identification doctrine”;
- implications for financial services firms; and
- key preparation steps for companies.
Click HERE to watch this on-demand webinar now.
We’ve also prepared a Q&A summary document to answer your key questions on the Economic Crime And Corporate Transparency Act 2023.
If you have any follow up questions in respect of the presentation, please click here to reach out to our team.