What does the Economic Crime and Corporate Transparency Act mean for food & drink businesses?
04 March 2025
The webinar commences with a welcome and an overview from Johnston Carmichael’s Head of Food & Drink, Adam Hardie. With the recent launch of the Firm’s annual food and drink report (released February 2025), Adam provides an overview of the key findings.
Johnston Carmichael then discuss the recent update to the Economic Crime and Corporate Transparency Act (ECCTA).
ECCTA introduces enhanced measures to prevent fraud, holding businesses accountable for financial crimes committed by ‘associated persons’.
This will impact food & drink manufacturers by requiring a stricter oversight of processes, controls and governance arrangements covering fraud prevention, corporate governance, and supply chain transparency.
Due to our industry's complex supply chains, significant cross-border operations and reliance on third-party contractors, food & drink manufacturers will be highly impacted.
Watch now to ensure compliance by the 01 September 2025 deadline.
For more information and any questions- please contact Adam Hardie.
Topics
- Business insights & economics
- Occupational health & safety
- Workforce and employment
- Incident prevention & management
Speakers
Adam Hardie- Head of Food & Drink
Adam Hardie is the firm’s Business Development Partner and Head of Food & Drink. He has worked in the accountancy profession for 25 years, advising business owners on routes to market and strategic growth. He is extremely well connected across the food & drink industry and works hard to make introductions across his network to help clients grow, including sourcing equity investment for growth.
Si Mathavan- Partner, Head of Risk Assurance & Internal Audit
Si leads Johnston Carmichael’s Risk Assurance team and has 20 years’ consulting experience, having joined the team from Ernst & Young in 2022.
He has significant experience with supporting firms strengthen their process and control environment across all areas of a business and has advised organisations on their governance arrangements.
He has undertaken large scale assurance engagements including internal audit, regulatory & compliance reviews and corporate governance engagements.
Si is also heavily involved in the Moore ESG initiative, supporting the team develop our global assurance manual. He also sits on the ACCA’s Internal Audit Sector Panel.
