How the Failure to Prevent Fraud offence will impact universities and higher education institutions. After a long wait, the countdown has finally started for companies to prepare for the new Failure to Prevent Fraud offence under the Economic Crime and Corporate Transparency Act 2023 (ECCTA). ECC...
Preparing for ECCTA: what businesses need to do now The new failure to prevent fraud offence will come into force on 1 September 2025. An organisation will be liable under the new offence if a person acting on its behalf commits any of a range of specified fraud offences. Strongly...
We are likely to see a continuation of the efforts to identify and train this population. The failure to prevent fraud offence is also significant. The release of the new guidance provides an opportunity to review existing procedures considering the principles ...