Maritime Risk International
The "failure to prevent fraud" offence - are you ready?
Andrew Reeves, Andrew Williams, Philip Roche, Kelli Bodal-Hansen and Claudia Van Gruisen, of Norton Rose Fulbright, warn new rules in the UK will change market practice
![](http://static.i-law.com/ilaw/MRI/images/2024380616.jpg)
UK and non-UK companies alike need to start preparing for the UK's new "failure to prevent fraud" offence. This received Royal
Assent on 26 October 2023 and is likely to come into force - after government guidance is issued - by the end of 2024 or early
in 2025.