Criminal liability of corporates

Senior managers at companies need to be up to speed with their responsibilities under the Economic Crime and Corporate Transparency Act, particularly as there are no provisions for special defences for the corporate. Andrew Bird KC, barrister at 5 St Andrew’s Hill explains the implications

The Economic Crime and Corporate Transparency Act 2023 received Royal Assent on 26 October 2023. It is not to be confused with the Economic Crime (Transparency and Enforcement) Act 2022, which is already in force. The key difference of interest to readers of Accountancy Daily lies in the word ‘corporate’.

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