October 16, 2024
The UK’s Economic Crime and Corporate Transparency Act (ECCTA) represents a significant regulatory shift, holding businesses accountable for preventing fraud across their operations, including their third-party networks.
With no statutory defence for a “failure to prevent fraud,” organisations are now required to demonstrate comprehensive fraud prevention measures. Senior management is under increased scrutiny, tasked with proactively managing fraud risks, and facing the potential for prosecution. The repercussions are serious, ranging from unlimited fines and reputational damage to heightened regulatory oversight. Strengthening fraud risk management frameworks is now imperative to meet these enhanced regulatory obligations.
In this series of articles for Governance & Compliance magazine, Secretariat Managing Director Hitesh Patel and Director Ben Boorer explore the extensive reach and practical implications of the ECCTA, providing insights into how businesses can effectively navigate the challenges imposed by the Act.
Read the full articles (subscription may be required):
Failure to prevent fraud – what you don’t know could hurt you
Secretariat’s Norman Harrison and Ben Boorer, together with Taylor Wessing attorneys Natasha Zahid and Mohammed Tartir, dive into the latest whistleblower issues and trends across the US, Europe, and the Middle East in their article, “When the Whistle Blows.”
Secretariat Experts Contribute to “2024 Annual Review of Antitrust Law Developments”
Secretariat team members Stuart Gurrea, Jéssica Dutra, Wei Tan, Pablo Varas, and Noah Case have contributed to “Chapter I — Restraints of Trade” in the recently published “2024 Annual Review of Antitrust Law Developments” from the ABA Antitrust Law Section. Michael Koenig contributed to “Chapter VIII — Civil Government Enforcement”.
Norman Harrison Named as 2025 Top Consultant by Consulting Magazine
Secretariat is proud to celebrate Norman Harrison’s recognition as a 2025 Top Consultant for Excellence in Regulation and Compliance by Consulting Magazine. This prestigious honor highlights his exceptional contributions to the consulting profession, particularly in helping clients navigate complex regulatory landscapes and ensuing investigations and disputes, as well as resolve compliance issues in highly regulated industries.