A View From The Exchange: Ashurst's key takeaways from the Government's Guidance on the new failure to prevent fraud offence
06 November 2024
06 November 2024
The Government has today published its much-awaited Guidance to organisations on the failure to prevent fraud. The Government has taken on board the representations made by industry bodies for a longer nine-month implementation period. This is welcome. But it is also an acknowledgment that there will be significant work organisations need to undertake to be ready for the roll-out of the offence.
Our five first-impression takeaways:
The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.