Europe: Significant Expansion to Corporate Criminal Liability in the United Kingdom
By: Dylan Moses, Michael Ruck, Rosie Naylor and Joseph Skilton
Under the new UK Economic Crime and Corporate Transparency Act 2023, organisations that are bodies corporate or partnerships will become criminally liable for the economic crimes of their senior managers. They will also have a new liability (albeit subject to an important defence) for failure to prevent their employees and associates from committing fraud.
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