Eve Giles

2 months ago | jdsupra.com | Thomas Declerck |Amy Edwards |Eve Giles

Our analysis of financial crime and investigations developments over the past 12 months provides a revealing picture of an increasingly challenging regulatory and enforcement landscape facing businesses around the world. The A&O Shearman white-collar defense and investigations practice has compiled a list of ten key challenges for in-house investigations teams and white-collar crime lawyers in 2025.

Oct 30, 2023 | jdsupra.com | Jonathan Benson |Amy Edwards |Eve Giles

The new Economic Crime and Corporate Transparency Act 2023 (the Act) is the latest step in the UK Government’s attempts to address economic crime and improve transparency over corporate entities. Whilst most of the key requirements are not yet in force, businesses will want to start preparing for the necessary changes in practice and compliance policy.

Oct 26, 2023 | jdsupra.com | Jonathan Benson |Amy Edwards |Eve Giles

The ‘identification doctrine’ will be reformed for economic crimes as part of the Economic Crime and Corporate Transparency Act 2023 (ECCT). This is the English law rule on how criminal liability is attributed to a company or partnership via the conduct of certain senior individuals. The change significantly broadens the range of employees who can trigger corporate criminal liability, meaning it is now easier for businesses to be prosecuted for ‘economic crime’ offences.

Oct 26, 2023 | jdsupra.com | Jonathan Benson |Amy Edwards |Eve Giles

The Economic Crime and Corporate Transparency Act 2023 was granted Royal Assent on 26 October 2023. It contains a new ‘failure to prevent fraud’ corporate criminal offence which will render large companies liable for fraud committed by their associates. We consider the offence and implications for businesses. The UK Government is expanding the scope of corporate criminal liability in the UK to make it easier to pursue large organisations for economic crimes.

Sep 13, 2023 | jdsupra.com | Jonathan Benson |Amy Edwards |Eve Giles

A draft ‘failure to prevent fraud’ corporate criminal offence will render large companies liable for fraud committed by their associates. We consider the draft offence and implications for businesses. The UK Government is expanding the scope of corporate criminal liability in the UK to make it easier to pursue large organisations for economic crimes. A draft new corporate criminal offence of failing to prevent fraud is being introduced as part of the Economic Crime and Corporate Transparency Bill.