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Financial crime reforms creating new risks and challenges for firms

1 July 2025 / Author(s): Piers Reynolds , Laura Feldman
Issue: July 2025 / Categories: Feature

The Economic Crime and Corporate Transparency Act has introduced a novel failure to prevent fraud offence, as well as extending the criminal attribution doctrine to hold large firms liable for the actions of a wider range of senior managers. In this article the authors consider these reforms as well as areas of uncertainty and new risks. They provide some practical guidance.

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