Guidance charts new era for UK corporate liability

In November last year, the UK published guidance for large organisations on the imminent offence of failure to prevent fraud created by the Economic Crime and Corporate Transparency Act. Drawing on the guidance, Rachael Gregory of Grosvenor Law outlines the extensive sweep of activities and jurisdiction that will be captured.

Rachael Gregory (+44 20 3189 4219, rachael.gregory@grosvenorlaw.com) is a partner at Grosvenor Law, where she specialises in complex commercial litigation.

In November last year [2024], the UK published guidance for large organisations on the imminent offence of failure to prevent fraud created by the Economic Crime and Corporate Transparency Act. Drawing on the guidance, Rachael Gregory of Grosvenor Law outlines the extensive sweep of activities and jurisdiction that will be captured.