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Failure to prevent fraud offence: What do professional sports teams need to know?
September 19, 2023
In an amendment to the Economic Crime and Corporate Transparency Bill (the Bill), the UK Government is set to introduce a new failure to prevent fraud offence. Like the UK Bribery Act 2010 (the UKBA) more than a decade earlier, this new offence is likely to bring about significant changes to corporate criminal liability in the fraud space and will significantly affect the compliance and regulatory landscape for large sports organisations.