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Three steps to evaluate your controls ahead of Failure to Prevent Fraud deadline

Two businessmen - one younger than the other, who may be his superior - pace through the Broadgate Estate during a break in the working day in the City of London, the capital's financial centre - otherwise called the Square Mile.
Photo: In Pictures Ltd./Corbis via Getty Images

Mark Spiers | Bovill Newgate, Nick Barratt | Bovill Newgate, Ayo Omogunsoye | Bovill Newgate+1

4 min read
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The UK corporate offence comes into effect for large-sized firms on September 1.

The corporate offence of Failure to Prevent Fraud, set out in the Economic Crime and Corporate Transparency Act 2023, comes into effect on September 1, 2025. This means that “large”-sized UK firms have only three months to complete their preparations.

With the September deadline looming, here are three things that you should

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