This article explores how the UK's Economic Crime and Corporate Transparency Act 2023 redefines corporate criminal liability by expanding the scope of who qualifies as the "directing mind and will" of a company. It revisits the foundational Salomon v Salomon case and traces how courts have historically pierced the corporate veil in cases of fraud, evasion, and concealment. The piece argues that the new legislation could trigger structural shifts in corporate governance, onboarding protocols, and senior management accountability—especially in financial crime roles. Comparative insights from Luxembourg’s dual-board model offer a potential blueprint for reform.