Wednesday 9 April 2025 | 12:30 - 13:00 | Zoom
You’re invited to our Financial Crime Update: Corporate Criminal Liability under the ECCTA 2023.
There have been significant changes to the law relating to corporate criminal liability which are now in force, and soon to be made law. This includes the new offence of “Failure to Prevent Fraud” (“FTPF”) introduced by the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”).
As from 1 September 2025, the new offence will make large incorporated bodies and partnerships, across all sectors and industries, criminally liable where an employee, agent, or other associated person commits fraud intending to benefit the organisation, and where the organisation did not have reasonable fraud prevention measures in place.
Organisations that are not fully compliant with the new preventative requirements risk potential prosecution and penalties, including unlimited fines.
The new offence applies to those that meet two out of the three following criteria:
- 250+ staff
- £36 million annual turnover
- £18 million held assets.
Join our leading experts in financial crime, Michael Balmer, Elliott Kenton and Michael Brown, who will provide you with a legal update on:
- The ECCTA and the key changes to corporate criminal liability.
- The corporate offence of “Failure to Prevent Fraud” and how to protect your business by implementing reasonable fraud prevention measures.
- Horizon scanning for corporate criminal enforcement.
- Practical steps to help your business achieve compliance.
If you'd like to attend, please fill in your details below.
