Financial Crimes, Corporate Crimes, Risk Management

Failure to Prevent Fraud Offence – What you should know

Proskauer - Regulatory & Compliance on 7/3/2025

On 1 September 2025, the new UK corporate offence of “failure to prevent fraud” will come into force, as introduced under the Economic Crime and Corporate Transparency Act 2023 (the “Act”)....more

[Podcast] Getting Your Head Around the UK’s New (and Globally Relevant) “Failure to Prevent Fraud” Offence

Ropes & Gray LLP on 4/22/2025

On this Ropes & Gray podcast, join Amanda Raad, co-head of the firm’s global anti-corruption and international risk and crisis management & investigations practices, Nitish Upadhyaya, director of behavioral insights at the...more

Preparing Organisations for the New UK Failure to Prevent Fraud Offence

Akin Gump Strauss Hauer & Feld LLP on 2/17/2025

Fraud is the most common offence in the UK, amounting to 41% of all crime. On 26 October 2023, the UK’s long-awaited Economic Crime and Corporate Transparency Act 20232 (the Act) received Royal Assent, setting out...more

Enhancing Corporate Fraud Prevention: Guidance on the Failure to Prevent Fraud Offence

Ankura on 2/13/2025

The final UK Government guidance on failure to prevent fraud has now been published Economic Crime and Corporate Transparency Act 2023: Guidance to organisations on the offence of failure to prevent fraud (accessible version)...more

UK Government Publishes Guidance for Companies on the New Failure to Prevent Fraud Offence

Morrison & Foerster LLP on 11/8/2024

Headlines - •The UK government has published its guidance on the new Failure to Prevent Fraud offence which will come into effect on 1 September 2025. •Similar to the UK Bribery Act, the provisions introduced by the Economic...more

No Place Like Home: Heightened risks for companies due to Covid-19 and remote working arrangements

BCLP on 4/22/2021

As the COVID-19 pandemic evolves so, too, does the threat of economic crime. Recent reports into fraud since the start of the pandemic highlight the extent of this threat but also confirm that the banking and finance industry...more

As Investment in ESports Grows, Insurance Coverage Must Keep Up

Pillsbury - Policyholder Pulse blog on 8/13/2019

Packed stadiums? Check. Players and teams with huge followings? Check. Massive social media appeal? Check. But here, the events that spectators are so eager to attend aren’t live basketball or football games....more

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