{"id":6616,"date":"2024-11-12T17:52:23","date_gmt":"2024-11-12T17:52:23","guid":{"rendered":"https:\/\/diskdrive33.com\/mks\/?p=6616"},"modified":"2024-11-12T17:52:23","modified_gmt":"2024-11-12T17:52:23","slug":"uks-new-failure-to-prevent-fraud-offence","status":"publish","type":"post","link":"https:\/\/diskdrive33.com\/mks\/2024\/11\/12\/uks-new-failure-to-prevent-fraud-offence\/","title":{"rendered":"UK&#8217;s new &#8216;failure to prevent fraud&#8217; offence"},"content":{"rendered":"<h2 class=\"wp-block-post-title\">Failure to prevent fraud to be a criminal offence in UK \u2013 will this be an effective deterrent?<\/h2>\n<p>Our Head of Advocacy <a id=\"ember37\" class=\"ember-view\" href=\"https:\/\/www.linkedin.com\/in\/charles-bott-kc-94741289\/\">Charles Bott KC<\/a> spoke to <a class=\"app-aware-link \" href=\"https:\/\/www.linkedin.com\/company\/global-relay-intelligence-and-practice\/\" target=\"_self\" rel=\"noopener\" data-test-app-aware-link=\"\">GRIP<\/a> this week about the UK&#8217;s new &#8216;failure to prevent fraud&#8217; offence, which is coming into effect next September.<\/p>\n<p>The UK government has just issued guidance to those most affected by the new powers (mainly larger organisations), which were contained within the 2023 Economic Crime and Corporate Transparency Act.<\/p>\n<p>Charles said:<\/p>\n<blockquote><p>\u201cSerious fraud is out of control and any measures that will genuinely help to prevent it are welcome. There is plenty to like in the spirit and intention of this new offence.<\/p>\n<p>\u201cBut it will be difficult to prove and its scope is limited. The fear is that, like its sister offence in the Bribery Act, it will be rarely used and, as a consequence, its deterrent effect will be diminished.\u201d<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.grip.globalrelay.com\/failure-to-prevent-fraud-to-be-a-criminal-offence-in-uk-will-this-be-an-effective-deterrent\/\" target=\"_blank\" rel=\"noopener\">Read more at GRIP<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Head of Advocacy Charles Bott KC spoke to GRIP this week about the UK&#8217;s new &#8216;failure to prevent fraud&#8217; offence, which is coming into effect next September.<\/p>\n","protected":false},"author":2,"featured_media":6618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[346,89],"class_list":["post-6616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-charles-bott","tag-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK&#039;s new &#039;failure to prevent fraud&#039; 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