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Failure to prevent fraud: Corporate crime enters the C-Suite

A man carrying a briefcase casting a shadow in front of him
Photo: Getty Images

Many larger corporates in the UK will face criminal investigation and prosecution if fraud or other offences by employees benefit the company.

A new criminal offence directed at corporates, “failure to prevent fraud”, has been proposed by the UK Government. The measure is within the Economic Crime and Corporate Transparency Bill, which has almost completed its passage through Parliament. The Bill has broad bi-partisan support and is expected to become law

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