D-day for New ‘Failure to Prevent’ Offense
Tom Epps, white collar defense and investigations partner at Cooley, was quoted in The Law Society Gazette about the entry into force of the “failure to prevent fraud” offense under the UK Economic and Corporate Transparency Act 2023. In the article, Epps describes the act as a “landmark piece of legislation,” emphasizing its potential to significantly strengthen UK enforcement capabilities against fraud and other economic crimes. He also predicts a rise in whistleblowing and self-reporting, new incentives, and international anti-corruption efforts.
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