Briefing: Corporate Liability Reform for economic crime

6 February, 2023 | 0 minute read

Spotlight on Corruption strongly supports an amendment to the Economic Crime and Corporate Transparency Bill that:

  • Introduces failure to prevent offences for key economic crimes, in particular, fraud (including false accounting), money laundering and sanctions evasion where companies fail to have the right procedures in place;
  • Amends the identification doctrine underlying substantive economic crime offences so that large companies can be prosecuted for active authorisation of criminal activity not just failure to prevent it;
  • Ensures effective liability for senior directors particularly where a company has been found to be negligent and for strict liability offences.

You can read the full briefing below.

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