Sam Healey, Partner, Business Crime and Regulation at JMW Solicitors, explains how to protect your business from the new “failure to prevent fraud” criminal offence.

Introduction to the new “failure to prevent fraud” criminal offence: the UK Government is committed to tackling economic crime and improving transparency over UK businesses through amendments to the Economic Crime and Corporate Transparency Bill (“the ECCT Bill”). The new legislation proposes to include a new criminal offence for corporate entities of “failure to prevent fraud.”