OPINION: Failure to prevent fraud offence – well intentioned or naive?

Will the UK’s new failure to prevent fraud offence help or hinder companies? Tony McClements states his case.

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) was intended to mark a pivotal shift in corporate governance and the battle against fraud. Receiving Royal Assent just over a year ago, the Act seeks to deploy ever more stringent measures to tackle fraud, particularly emanating from within large organizations based

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