The new strict liability corporate criminal offence of Failure to Prevent Fraud (FTPF) comes into effect in England and Wales on 1 September 2025. ...more
8/26/2025
/ Corporate Counsel ,
Corporate Crimes ,
Corporate Liability ,
Criminal Prosecution ,
Failure to Prevent ,
Fraud ,
Internal Controls ,
New Legislation ,
Policies and Procedures ,
Regulatory Reform ,
Risk Management ,
Risk Mitigation ,
Serious Fraud Office (SFO) ,
UK
On 6 November 2024, the UK Government published the much-anticipated guidance on the new corporate offence of failure to prevent fraud (the “Guidance”). The failure to prevent fraud offence forms part of a huge shift in the...more
11/19/2024
/ Compliance ,
Corporate Crimes ,
Corporate Governance ,
Criminal Liability ,
Environmental Social & Governance (ESG) ,
Extraterritoriality Rules ,
Failure to Prevent ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fraud ,
New Guidance ,
Risk Assessment ,
Serious Fraud Office (SFO) ,
UK ,
Whistleblowers ,
White Collar Crimes