December 18, 2023

Sam Tate on The UK Economic Crime and Corporate Transparency Act

25 minutes

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes back Sam Tate, partner at RPC, who discusses the UK's Economic Crime and Corporate Transparency Act.

Sam Tate is a seasoned partner at RPC, an international law firm specializing in anti-corruption, compliance, and financial crimes. With a rich background in the oil and gas industry, including a stint as the head of anti-corruption at BP, Sam has a unique perspective on the UK's Economic Crime and Corporate Transparency Act and its role in enhancing corporate transparency and accountability. He believes that the Act is a significant development, particularly in its expansion of liability to senior managers and the introduction of a new failure to prevent fraud. These changes, he argues, necessitate a reevaluation and adaptation of companies' compliance programs to safeguard against potential offenses. Join Tom Fox and Sam Tate as they delve deeper into this topic on this episode of the FCPA Compliance Report.

Key Highlights:

Enhancing the Corporate Transparency and Accountability Act

Adapting to New Fraud Regulations and Compliance

The Evolution of Financial Crime Enforcement in the UK

Strict Liability for Company Fraud Offenses

The Extent and Impact of Fraud

Resources

Sam Tate on LinkedIn

RPC

Tom Fox

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