The UK will introduce a new corporate offence of ‘failing to prevent fraud’ on 1 September 2025. The new law will make it much easier for the leading UK enforcement agencies to successfully prosecute large companies where...more
On 6 November 2024, the UK government published guidance in respect of the failure to prevent fraud offence, which was introduced in the Economic Crime and Corporate Transparency Act 2023 (ECCTA).Under this offence, companies...more