The Economic Crime Bill received Royal Assent on 26 October 2023. Included in the Act is the failure to prevent fraud offence, under which large companies will be liable when a specified fraud offence is committed by an...more
11/9/2023
/ Accounting ,
Anti-Fraud Provisions ,
Audits ,
Compliance Monitoring ,
Corporate Culture ,
Corporate Governance ,
Corporate Transparency Act ,
Disclosure Requirements ,
Ethics ,
Financial Crimes ,
Fraud ,
Incident Response Plans ,
Internal Controls ,
Reporting Requirements ,
Risk Assessment ,
Risk Management ,
Training
An amendment to the Economic Crime and Corporate Transparency Bill (the Bill) has brought in the offense of failure to prevent fraud (Offense). Under the new Offense, an organization will be liable where a specified fraud...more
9/8/2023
/ Accounting Fraud ,
Anti-Fraud Provisions ,
Audits ,
Disclosure Requirements ,
Failure to Prevent ,
Falsified Documents ,
Financial Conduct Authority (FCA) ,
Fraud ,
Fraud Prevention ,
Policies and Procedures ,
Risk Assessment ,
Tax Evasion ,
UK Bribery Act