Teresa Edwards

1 week ago | mondaq.com | Emma Carr |Catherine Naylor |David Lowe |Teresa Edwards

On 1 September 2025, the new corporate offence offailure to prevent fraud will come into force -under the Economic Crime and Corporate Transparency Act 2023(ECCTA). The implementation of this offence marks a significantstep change in corporate accountability, shifting the focus fromreacting to fraud, to proactively preventing it. There arepotentially serious consequences for organisations that fall shortand do not take preventative action as required.

2 weeks ago | gowlingwlg.com | Emma Carr |Catherine Naylor |David Lowe |Teresa Edwards

ArticleOn 1 September 2025, the new corporate offence of failure to prevent fraud will come into force - under the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The implementation of this offence marks a significant step change in corporate accountability, shifting the focus from reacting to fraud, to proactively preventing it. There are potentially serious consequences for organisations that fall short and do not take preventative action as required.