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.