The much-anticipated new corporate criminal offence of failure to prevent fraud was introduced by the Economic Crime and Corporate Transparency Act 2023.

Its commencement was conditional on the government publishing guidance and that was issued on November 6 2024, and a regulation was laid before parliament on the same date that will make the offence effective from September 2025.

https://www.ftadviser.com/financial-fraud/2024/11/13/the-net-has-drastically-widened-for-corporate-criminal-liability/