Partners Mark Geday and Chris Warren-Smith spoke with Anti-Corruption Report about the United Kingdom’s new Economic Crime and Corporate Transparency Act (ECCTA), which, as of December 2023, widened the range of employees whose actions can make a company culpable for economic crimes.
The changes in Companies House filing requirements under the ECCTA are “incremental rather than revolutionary,” Mark said.
“Companies should ensure that all relevant personnel receive training on the reforms introduced by ECCTA. That training should be documented,” Chris said.