Clifford Chance
Final countdown to a new corporate criminal offence
The new corporate offence of failure to prevent fraud comes into force in the UK on 1 September 2025.
Large organisations will be criminally liable for fraud committed by employees, agents, subsidiaries and other associates of the organisation unless they can demonstrate that they had reasonable fraud prevention procedures in place. As the implementation date for the new offence approaches, our briefing sets out the key concepts and its practical implications.
