Failure to prevent fraud: what do I do now? Part 1: Risk assessments

Our regulation and investigations team have written a briefing note considering what steps companies need to be taking in relation to the new UK failure to prevent fraud offence  (which is expected to come into force later this year or in early 2025). It sets out some practical guidance informed by their work to date supporting clients in various sectors to prepare for the new offence. This is the first of a series of short blogs explaining the steps companies will need to take to put in place “reasonable procedures”.

The full briefing note can be found here.