Fraud, Failure to Prevent, Enforcement Actions

Client Alert: The Case for Compliance: The SFO Gives Businesses More Reasons to Continue Investing in Their Compliance Programs

Jenner & Block on 4/9/2025

In our client alert, “The Case for Compliance: Why UK and EU Businesses Should Continue to Invest in Their Compliance Programs”, we highlighted seven reasons why, despite the US’ pause on bribery enforcement under the Foreign...more

Top Tips for Global Companies Preparing for the UK’s New “Failure to Prevent Fraud” Offence

Latham & Watkins LLP on 2/13/2025

Companies in the US and around the world should consider their potential for UK exposure and assess their compliance programmes in light of that risk. On 1 September 2025, the UK will implement a new corporate criminal...more

New ‘Failure To Prevent Fraud’ Offence Expected To Come Into Force in the UK Shortly

Skadden, Arps, Slate, Meagher & Flom LLP on 9/12/2024

The UK government introduced a major overhaul of its framework for addressing financial crime — and brought into force numerous significant changes — when the Economic Crime and Corporate Transparency Act 2023 (the Act)...more

New UK 'failure to prevent' fraud corporate criminal offence published - Update

A&O Shearman on 10/26/2023

The Economic Crime and Corporate Transparency Act 2023 was granted Royal Assent on 26 October 2023. It contains a new ‘failure to prevent fraud’ corporate criminal offence which will render large companies liable for fraud...more

New UK 'failure to prevent' fraud corporate criminal offence

A&O Shearman on 9/13/2023

A draft ‘failure to prevent fraud’ corporate criminal offence will render large companies liable for fraud committed by their associates. We consider the draft offence and implications for businesses....more

New UK 'failure to prevent' fraud corporate criminal offence published - Update 9/6/2023

A&O Shearman on 9/6/2023