The New “Failure to Prevent Fraud” Offence

Описание: The Economic Crime and Corporate Transparency Act (ECCTA) of 2023 is a UK law that aims to improve corporate transparency and fight economic crime. The act includes new reporting and disclosure requirements, and a new corporate criminal offence for failing to prevent fraud. The Act comes into effect on 1 September 2025.

In this webinar Consultant, Bill Dixon and Solicitor, Sarah Lonergan, in our Dispute Resolution & Litigation team provide a concise overview which covers:

The implications and risks for businesses
Why smaller organisations can’t afford to ignore the new Act
What will trigger liability?
Can you be liable for the acts of third parties outside your organisation?
Can you be liable for acts outside the UK?
What you need to do now to prepare and to help build a defence in advance of September 2025.

The key takeaways from the webinar are the 6 Action Points:

1. Put someone in charge
2. Risk assessment
3. Anti-fraud policy
4. Additional policy review
5. Contract review
6. Training

If you have any questions following the session which you did not get a chance to ask or if you would like further information about the ways in which we can assist with the 6 Action Points, please do not hesitate to get in touch with Bill Dixon at: [email protected] or Sarah Lonergan at [email protected].

The webinar concludes with a live question and answer session from the audience.