Britain strengthens fraud prevention measures


THE government of the United Kingdom has just added a new corporate “failure to prevent fraud” offence to the Economic Crime and Corporate Transparency Bill, which is currently making its way through the British parliament.

Designed to make it easier to prosecute a large organisation if its employee commits fraud for the organisation’s benefit, the failure to prevent fraud offence is likely to come into force by the end of 2024.

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letters , fraud , crime

   

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