Research Area:
Criminology
KeyWord:
Corporate, criminal, liability, crime, stockholders, Actus, facit, comapny
Abstract:
A company is regarded as a different legal entity from its stockholders. It may be defined as a group of people who work together to achieve a shared goal, and it has no legal or technical significance. It is accepted that if there is a breach of criminal law, criminal culpability is attached. The criminal liability of any act is based on the Latin maxim Actus non facit reum mens sit rea, which states that in order to hold a person or entity liable, it must be demonstrated that there is an act or omission that is prohibited by law, as well as mens rea, which is legally defined as having a guilty mind. It is under the purview of white-collar crime.