Economic Crime and Corporate Transparency Act 2023 - How do the reforms to the Identification Doctrine play out in practice?

The Economic Crime and Corporate Transparency Act 2023 has introduced a number of changes, including reforms to Companies House and a new Failure to Prevent Fraud offence. Arguably, however, the most radical change is the long-awaited reform of the so-called Identification Doctrine. So, reflect Tony Lewis, Natalie Quinlivan, Farheen Ishtiaq-Stansfeld of Fieldfisher, what does this mean for the future of corporate criminal liability?

Tony Lewis (+44 (0)330 460 6692, tony.lewis@fieldfisher.com) is a partner, Natalie Quinlivan (+44 758 698 0091, natalie.quinlivan@fieldfisher.com) a director and Farheen Ishtiaq-Stansfeld (+44 330 460 6782, farheen.ishtiaq-stansfeld@fieldfisher.com) a senior associate at Fieldfisher.

The Economic Crime and Corporate Transparency Act 2023 has introduced a number of changes, including reforms to Companies House and a new Failure to Prevent Fraud offence. Arguably, however, the most radical change is the long-awaited reform of the so-called Identification Doctrine. So, reflect Tony Lewis, Natalie Quinlivan, Farheen Ishtiaq-Stansfeld of Fieldfisher, what does this mean for the future of corporate criminal liability?