Clifford Chance
Failure to prevent fraud: implications for large organisations
The Economic Crime and Corporate Transparency Act 2023 introduced a new failure to prevent fraud offence representing a significant turning point for the law on corporate criminal liability in the UK, making it easier to prosecute corporates for certain financial crimes.
In this informative article published in The Solicitors Journal, Chris David, Partner and Abigail Maton-Howarth, Associate discuss the implications of the new failure to prevent fraud offence and the government’s decision to target large organisations.
