Aerospace & Defense Insights | The United Kingdom's fightback against economic crime begins

Insights and Analysis

Aerospace & Defense Insights | The United Kingdom's fightback against economic crime begins

07 May 2024

Through Aerospace and Defense Insights, we share with you the top legal and political issues affecting the aerospace and defense (A&D) industry. Our A&D industry team monitors the latest developments to help our clients stay in front of issues before they become problems and seize opportunities in a timely manner.

Perceptions of corruption in the UK are at an all-time high and the UK's lead prosecutor of economic crime has been dogged by scandals in recent years, but change is on the horizon. The Economic Crime and Corporate Transparency Act 2023 ("ECCTA") is a gamechanger, giving the UK enforcement agencies new impetus to investigate and prosecute fraud. This is likely to lead to a significant uptick in enforcement activity in the UK, with wider ramifications for the aerospace and defense industry sector.

Authored by Liam Naidoo and Reuben Vandercruyssen.