.png)
With the Failure to Prevent Fraud offence coming into effect from 1st September this year under the Economic Crime and Corporate Transparency Act 2023, UK businesses must act now to ensure compliance. This new legal requirement introduces strict liability for organisations benefiting from fraudulent activities conducted by associated persons.
Join Oliver Crofton, CEO of Continual, and Charlotte Tregunna, a leading financial crime lawyer at Peters & Peters, for an essential discussion on what the legislation means, who it affects, and how businesses can stay compliant.
Oliver Crofton – CEO, Continual
Oliver Crofton is the CEO of Continual, a cutting-edge compliance and risk management platform designed to help businesses proactively prevent fraud and financial crime. With years of experience in cybersecurity, risk management, and compliance, Oliver helps organisations implement robust fraud prevention strategies to stay ahead of regulatory changes.
Charlotte Tregunna – Partner, Peters & Peters
Charlotte Tregunna is a leading expert in financial crime and corporate compliance, with extensive experience advising businesses on fraud prevention, bribery, and money laundering regulations. As a partner at Peters & Peters, she helps organisations navigate complex financial crime legislation and regulatory requirements.
🔗 More about Charlotte: Charlotte Tregunna at Peters & Peters
1. Introduction & Context
- Why this new offence matters – Understanding the growing regulatory focus on fraud prevention.
- What is the Failure to Prevent Fraud offence? – Key details from the Economic Crime and Corporate Transparency Act 2023.
2. Who Does This Affect?
- Which businesses are in scope? – Understanding the size thresholds and industry impact.
- What does “associated persons” mean? – Employees, agents, subsidiaries, and third-party risks.
3. What Firms Need to Do to Be Compliant
- The ‘Reasonable Procedures’ defence – What companies must have in place.
- Upcoming government guidance – What we know so far and what to expect.
- Steps businesses should take now – Risk assessments, internal controls, training, and reporting mechanisms.
4. Key Risk Areas – How to Avoid Getting Caught Out
- High-risk sectors and vulnerabilities – Industries most at risk of enforcement.
- Common compliance pitfalls – Where companies often fail in fraud prevention.
- Best practices for a fraud-proof compliance framework – Practical tips to ensure compliance.
5. Interactive Q&A Session
- Audience questions on implementation, enforcement, and best practices.
Experience the power of augmenting your fraud resilience and compliance with AI. Schedule a personalised demo now to see how our advanced platform can give you clearer risk insights and better fraud governance.
We are also available on the details below.
