Understanding failure to prevent fraud - The new UK compliance requirement

01/29/24 • 58 min

Under UK law, a corporation can face criminal prosecution if it fails to prevent certain actions from being undertaken by its employees, associates or even contractors.

In this episode, we explain what this new corporate criminal offence means, what kind of fraud is covered, and how to comply with the ‘failure to prevent’ provisions.

Try our new customiseable collection of Fraud courses: https://bit.ly/fraud-courses
Download our guide to Tax Evasion: Failure to Prevent: https://bit.ly/tax-evasion-guide

Under UK law, a corporation can face criminal prosecution if it fails to prevent certain actions from being undertaken by its employees, associates or even contractors.

In this episode, we explain what this new corporate criminal offence means, what kind of fraud is covered, and how to comply with the ‘failure to prevent’ provisions.

Try our new customiseable collection of Fraud courses: https://bit.ly/fraud-courses
Download our guide to Tax Evasion: Failure to Prevent: https://bit.ly/tax-evasion-guide

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Compliance Trends 2024: What to put on your agenda

This episode dives into the top compliance trends to set your agenda for 2024. We’ll also delve into key compliance issues we expect to see in areas like anti-money laundering, diversity and inclusion, and sustainability. We’ll review key pieces of legislation we’re tracking in the EU, US and UK.

Try our customisable AI compliance training courses for free: https://vinciworks.com/courses/artificial-intelligence/
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Next Episode

Understanding the EU AI Act - What do companies need to know?

In this episode, we explore the vast implications of the EU AI Act, the world’s first comprehensive AI regulation.

With this legislation, the EU hopes to create a framework to regulate AI systems across the EU. But the Act will impact companies who do any business in the EU, and, similar to the General Data Protection Regulation (GDPR), the AI Act will likely set a global standard.

This episode will provide key background on how the AI Act was developed, its main elements, including an understanding of its risk-based approach, and critical advice on what companies must be aware of.

Importantly, we focus on how companies can prepare to comply.

This episode will feature: