Failure to prevent
'The government is creating a new failure to prevent fraud offence to hold organisations to account if they profit from fraud committed by their employees. This will improve fraud prevention and protect victims. Whilst there are some existing powers to fine and prosecute organisations and their employees for fraud, the new offence will strengthen these, closing loopholes that have allowed organisations to avoid prosecution in the past.
Under the new offence, an organisation will be liable where a specified fraud offence is committed by an employee or agent, for the organisation’s benefit, and the organisation did not have reasonable fraud prevention procedures in place. It does not need to be demonstrated that company bosses ordered or knew about the fraud.' - gov.uk
The Government’s drive for an ever greater strategy to prevent fraud and protect victims is seeing a new offence being introduced which will hold organisations to account if they benefit from fraud committed by their employees. Yes there are already existing powers to prosecute or fine organisations for fraud but this new offence will strengthen existing measures and close loopholes. Are you aware and ready?
The Cifas Fraud and Cyber Academy is ready to equip you and members of your organisation with education and knowledge you'll need to prevent and protect your organisation and demonstate prevention in line with the new offence.
Courses and classes:
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Professional Certificate in Fraud PreventionOur Professional Certificate in Fraud Prevention will equipped you with the necessary knowledge and understanding on how to check your fraud risk management and the options available to you. The course will take an in-depth look at the specified fraud offences under the Act and will look at how to assess and management your organisation’s fraud risk, as well as guidance on how to effectively implement risk assessment, controls and systems. View full course |
