How the UK’s New Corporate Criminal Offence Could Impact EU Businesses

If your company operates in the UK, has subsidiaries or franchises there, employs UK-based staff, or generally maintains connections to the UK, this is particularly relevant from a criminal law perspective. 

Andrei Croitoru, Partner at act legal Romania, highlights the new “failure to prevent hashtag#fraud” offence introduced under the 2023 Economic Crime and Corporate Transparency Act (ECCT), which takes effect on September 1, 2025. In short, while this offence primarily applies in the UK, it has extra-territorial reach, meaning EU companies could also face prosecution under certain conditions, as summarized in the article below.

Andrei’s message is simple in theory but challenging in practice without effective legal support: hashtag#act now to assess and strengthen your fraud prevention frameworks. We’re here to help.

Full article here: https://lnkd.in/dUGucu2u