The Home Office has published guidance on the Failure to Prevent Fraud offence. Here is the link: https://www.gov.uk/government/publications/offence-of-failure-to-prevent-fraud-introduced-by-eccta

Under the offence large organisations may be held criminally liable where an employee, agent, subsidiary, or other “associated person”, commits a fraud intending to benefit the organisation.

The offence is intended to encourage organisations to build an anti-fraud culture, in the same way that failure to prevent bribery legislation has helped reshape corporate culture since its introduction in 2010.

In the event of prosecution, an organisation would have to demonstrate to the court that it had reasonable fraud prevention measures in place at the time that the fraud was committed.

Compliance Assistance from Us

We have a wide range of compliance support services. Mostly, but not exclusively, these are aimed at the legal services sector. Here is a link where you may explore: https://hunningsconsultancy.co.uk/compliance-services/