The new corporate criminal offence: "Failure to Prevent Fraud"

In this video we cover the UK’s new corporate criminal offence: Failure to Prevent Fraud under the Economic Crime and Corporate Transparency Act 2023.

We give a high-level overview of:

• The new corporate criminal offence
• Which corporates will potentially be caught by it?
• The defences available
• Implications of liability and risk mitigation
• Action points: the timetable for change and steps your business should be taking now

Explore our toolkit to help you navigate the key aspects of the Economic Crime and Corporate Transparency Act 2023 for UK companies here.