SFO updates corporate prosecution guidance
The Serious Fraud Office (SFO) has updated its corporate prosecution guidance, originally published in October 2021. The guidance outlines the common approach of the Director of Public Prosecutions and the Director of the SFO to prosecuting corporate offences in England and Wales. The update comes ahead of the new fraud prevention law under the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023), which takes effect on 1 September 2025 and will make large organisations legally responsible for preventing fraud by employees and other associated persons. The updated guidance also covers changes to the ‘identification doctrine’ under ECCTA 2023, which broadens the definition of who may be deemed responsible for a company’s actions.