Failure to Prevent Fraud Offence under ECCTA

How the Failure to Prevent Fraud offence will impact universities and higher education institutions.

After a long wait, the countdown has finally started for companies to prepare for the new Failure to Prevent Fraud offence under the Economic Crime and Corporate Transparency Act 2023 (ECCTA).

ECCTA’s impact on corporate criminal liability has been significant. Reforms that can attribute criminal liability to companies for economic crimes committed by their senior managers have been in force for a year. Following the publication of statutory guidance in November 2024 on the Failure to Prevent Fraud offence and its reasonable procedures defence, this new corporate criminal offence will now come into force on 1 September 2025.

This webinar will unpack the statutory guidance to highlight critical parts to consider when updating a fraud prevention programme.

Who should attend

This webinar is suitable for those responsible for financial regulatory compliance for universities and higher education institutions that meet the threshold of two or more of the following:

• a turnover of more than £36m

• a balance sheet total of more than £18m

• and/or more than 250 employees.