The Economic Crime and Corporate Transparency Act has introduced a novel failure to prevent fraud offence, as well as extending the criminal attribution doctrine to hold large firms liable for the actions of a wider range of senior managers. In this article, Piers Reynolds and Laura Feldman from our London Financial Services Disputes team consider these reforms as well as areas of uncertainty and new risks, concluding with some practical guidance.

This briefing was originally published in Butterworths Journal of International Banking and Financial Law on 1 July 2025.