Failure to prevent fraud: the defence

The current passage of the Economic Crime and Corporate Transparency Bill through the parliamentary process is poised to present companies with a formidable new legislative challenge - the 'failure to prevent fraud' offence. Ben Cooper of TLT sets out what the current rules for bribery and tax evasion offences suggest about the incoming fraud regime.

Ben Cooper (+44 (0)7816 205506, ben.cooper@tlt.com) is a partner and head of the economic crime compliance team at TLT. He has previously worked for the Serious Organised Crime Agency (now the National Crime Agency) and as global head of Financial Crime Functions as well as Anti-Bribery and Corruption at HSBC.

The current passage of the Economic Crime and Corporate Transparency Bill through the parliamentary process is poised to present companies with a formidable new legislative challenge - the 'failure to prevent fraud' offence. Ben Cooper of TLT sets out what the current rules for bribery and tax evasion offences suggest about the incoming fraud regime.