robert hunt

Nov 3, 2023 | mondaq.com | Susannah Cogman |robert hunt |Kate Meakin |Brian Spiro

After years of debate and calls from the Serious Fraud Office ('SFO') to change the law, and months of discussion in Parliament, the Economic Crime and Corporate Transparency Act 2023 (the 'Act') received Royal Assent last Thursday, 26 October 2023, introducing (among other reforms) a new failure to prevent ('FTP') fraud offence and an expansion of the basis on which companies can be held criminally to account (the 'identification doctrine').

Sep 24, 2023 | mondaq.com | Susannah Cogman |robert hunt |Kate Meakin |Brian Spiro

The Economic Crime and Corporate Transparency Bill (the "Bill"), which is set to introduce, among key reforms, a new failure to prevent fraud offence ("FTP Fraud"), is in the final stages of the Parliamentary process. The Bill is expected to receive Royal Assent by the end of this year. The Bill's next debate is scheduled to be on 18 October 2023, when Parliament returns from conference season.

Jun 26, 2023 | mondaq.com | Susannah Cogman |robert hunt |Kate Meakin |Brian Spiro

Further Government amendments which have recently been made to the Economic Crime and Corporate Transparency Bill (the "Bill") would expand the scope of the "identification doctrine" imposing corporate criminal liability on companies for economic crime offences committed by their "senior managers". These measures build on the provisions in the Bill which would create a new corporate offence of failure to prevent fraud as part of the UK Government's wider strategy to tackle economic crime.

Jun 22, 2023 | lexology.com | Susannah Cogman |Brian Spiro |robert hunt |Kate Meakin |Elizabeth Head

Further Government amendments which have recently been made to the Economic Crime and Corporate Transparency Bill (the "Bill") would expand the scope of the "identification doctrine" imposing corporate criminal liability on companies for economic crime offences committed by their "senior managers". These measures build on the provisions in the Bill which would create a new corporate offence of failure to prevent fraud as part of the UK Government's wider strategy to tackle economic crime.

Jun 6, 2023 | mondaq.com | Susannah Cogman |Brian Spiro |Kate Meakin |robert hunt

1. Introduction The new failure to prevent fraud offence was introduced into the Economic Crime and Corporate Transparency Bill (the "Bill") during its progress through the House of Lords.