Fraud: Failure to Prevent

Overview

The Failure to Prevent Fraud Offence is part of a landmark piece of legislation that places the responsibility of fraud prevention onto organisations themselves. In response, large companies find themselves needing to increase awareness of internal fraudulent practices and ensure they are actively working to prevent them.

We start by establishing the cost and impact of fraud in the UK, and then explore the kinds of corporate fraud that learners might encounter within their role. Then, we look at a variety of interactive scenarios to outline the correct course of action when encountering corporate fraud. Finally, we explore the legislation that makes the failure to prevent fraud a criminal offence. You'll be able to select your role to understand your responsibilities around fraud prevention and whistleblowing processes and protections.

Objectives

In this course you will:

• Understand the risks and consequences of corporate fraud
• Recognise types of corporate fraud that fall under the legislation
• Explore the aims and reach of the Economic Crime and Corporate Transparency Act 2023
• Detail role-specific responsibilities and methods for preventing fraud