Tag Archives: fraud prevention
Since its introduction, the Economic Crime and Corporate Transparency Act (ECCTA) has ushered in significant changes to corporate governance in the UK. Two of its most significant provisions are the failure to prevent fraud offence and the new identification doctrine which extends accountability for economic crimes to ‘senior managers’. These changes are likely to significantly impact…
Fraud is the most common offence in the UK, consisting of 41% of all reported crimes, with losses surpassing £2 billion in 2023. The Economic Crime and Corporate Transparency Act (ECCT) received parliamentary approval on 27 October, 2023. The act aims to crack down on fraud and fraudulent behaviour, specifically targeting large organisations, which are…
