Wednesday 3rd September | On 1 September 2025, the UK’s corporate compliance landscape changes again with the implementation of the failure to prevent fraud offence as part of the Economic Crime and Corporate Transparency Act (ECCTA).
Large organisations have a legal duty to implement reasonable procedures to prevent certain types of fraud, and smaller firms must also understand and reduce the risk of fraud in their supply chains.
Failure to prevent is a familiar offence for businesses, with bribery and tax evasion requiring similar compliance efforts. This means regulators will expect firms to have their house in order without delay.
With new guidance from the Serious Fraud Office requiring prompt self-reporting for firms to even be considered for a Deferred Prosecution Agreement, the risk of failing to spot or stop fraud is considerable.
In this webinar, our experts explored the key aspects of failure to prevent fraud, what reasonable procedures looked like, and provided practical steps to stay compliant. From training to risk assessments, we helped attendees understand what was required to avoid criminal liability and protect their organisations from regulatory scrutiny.
This webinar covered:
- The latest on failure to prevent fraud: Understanding the offence and how it affects corporate liability
- Adapting procedures from other failure to prevent laws: The differences and similarities with failure to prevent bribery and tax evasion
- Expanding corporate liability: New risks for senior managers under the identification doctrine of ECCTA and the forthcoming Crime and Policing Bill
- Compliance best practices: What it meant to implement reasonable procedures to prevent fraud
- Deferred Prosecution Agreement guidance: What the SFO expected and required of firms to be considered for a DPA
- Practical next steps: How to prepare organisations for failure to prevent fraud and reassess compliance procedures
