Failure to prevent corruption is now a criminal offence as South Africa added the phrase “failure to prevent corrupt activities offence” in section 34A of the Prevention and Combating of Corrupt ...

The introduction of the “failure to prevent fraud” offence under the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”) represents a significant step in the UK’s corporate criminal liability ...

The new strict liability corporate criminal offence of Failure to Prevent Fraud (FTPF) comes into effect in England and Wales on 1 September 2025. The FTPF offence forms part of a broader suite of ...

Stage one: illegal tax evasion by a taxpayer; Stage two: criminal facilitation of that evasion by a person acting on behalf of a corporation (“representative”); Stage three: the corporation’s failure ...

A significant recommendation of the Zondo Commission, the introduction of a “failure to prevent corruption offence”, is on the cusp of being introduced in South Africa. The Judicial Matters Amendment ...

Sam Healey and Andrew Gilligan of JMW’s Business Crime and Regulation team discuss the update to the new criminal offence of failure to prevent fraud and the steps that businesses can take to protect ...

The Bribery Act 2010 introduced a criminal offence for companies of ‘failure to prevent bribery’ by persons associated with the company. Chris Roberts The success of this offence has led to calls for ...

Under the new offence, any member of a private sector or incorporated state-owned entity is guilty of an offence if a person associated with them gives or agrees, or offers to give, any “gratification ...

The new offence of failure to prevent fraud carries the penalty of an unlimited fine for organisations within scope and the danger of significant reputational damage. Rhys Novak and Robin Hayden ...

Fraud is now the most prevalent criminal offence in the UK, with the government reporting that fraud represents more than 40% of all crime. There has been a long-running debate about whether ...

The “failure to prevent fraud” offence came into effect last week, and while many financial advice firms may not automatically think they will be in scope, there are a number of knock-on consequences.