The Failure to Prevent Fraud offence (for managers)

Overview

Fraud has now become the UK’s most frequently reported crime, posing significant risks to businesses. The Failure to Prevent Fraud offence places explicit legal responsibilities on organisations to proactively deter fraudulent activities committed by employees or agents.

This e-learning course provides managers with comprehensive coverage of the offence, including its scope, detailed organisational requirements, potential liabilities, and proactive management strategies necessary for compliance.

Objectives

• Explain the Failure to Prevent Fraud offence and its managerial implications.
• Identify and assess fraud risks within their responsibility.
• Understand the legal relevance of ‘intention of benefitting’.
• Implement and enforce effective fraud prevention procedures.
• Recognise and prevent organisational liability scenarios.
• Comprehend the consequences of non-compliance, including legal and reputational impacts.
• Establish channels for fraud reporting and encourage whistleblowing.
• Lead efforts to maintain compliance with fraud prevention requirements.

Audience

This e-learning course gives an insight into the key requirements and expectations for managers under Fraud Prevention.