⏰ One week until the new Failure to Prevent Fraud offence comes into force
From 1 September 2025, large organisations must demonstrate they have adequate procedures in place to prevent fraud committed by employees and associates.
The corporate offence of Failure to Prevent Fraud applies to organisations meeting at least two of the following criteria:
· 250 employees or more
· annual turnover exceeding £36 million
· more than £18 million in total assets
If fraud is committed by someone associated with your organisation for your benefit, you could face unlimited fines unless you can prove you had reasonable prevention procedures in place.
This landmark legislation is designed to incentivise organisations to take proactive steps to prevent fraud rather than simply react after it occurs.
The offence covers fraud committed anywhere in the world if your organisation has strong UK connections.
Don’t wait until it’s too late.
👆 Act now: review the Home Office guidance Read More