The Economic Crime & Corporate Transparency Act represents significant new legislation in the UK. What are the key implications for boards?
Join us for a half-hour Q&A as we cover the essentials you can apply to your organisation/s.
We’ll be guided by Sebastian Sayer, a Partner at leading City law firm, Fox Williams.
Sebastian specialises in complex contentious regulatory, white-collar crime, and investigations matters. He acts for both financial services firms and senior executives. Sebastian also advises on areas of non-contentious financial services regulation. Before joining Fox Williams, Sebastian was a senior lawyer in the Enforcement and Market Oversight division of the Financial Conduct Authority.
Fox Williams is a leading full-service law firm based in the City of London. Their work focuses on three core sectors: financial services; professional services; and technology.
- The Economic Crime & Corporate Transparency Act has been described as the most significant UK legislation in this area; fundamentally impacting corporate governance. What is this legislation intended to do?
- Which business entities are most impacted?
- What are the key implications for board members concerning the organisation?
- And what are the key implications for directors personally?
- How is the “failure to prevent fraud” offence defined?
- What is the new statutory “senior manager” test?
- What are the geographical boundaries of this legislation?
- When does the legislation come into force?
- What steps should organisations take now?
- Is there any other legislation on the horizon that board members should be aware of?