The new corporate offence of failure to prevent fraud came into force on 1 September 2025.
The new strict liability offence, which is contained in the ECCTA, will be committed by an in-scope organisation if an associate (which includes employees, agents and subsidiaries) commits a specified fraud offence, such as false accounting, with the intention of benefitting the organisation or any of its customers.
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Sarah Hawes
Head of Corporate Knowledge, UK, London
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Partner, London
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