The Failure to Prevent Fraud Offence: a new era of corporate accountability?
From the start of September 2025, the rules on fraud got tougher. Under the new Failure to Prevent Fraud offence in the Economic Crime and Corporate Transparency Act (ECCTA), large organisations can now face unlimited fines if they benefit from fraud – even when senior leaders had no direct involvement. The message is clear: ignorance is not a defence and turning a blind eye is no longer an option.