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Description
Introduced under the Economic Crime and Corporate Transparency Act 2023, the Failure to Prevent Fraud offence makes organisations liable if they fail to prevent fraud committed by employees or agents for the organisation’s benefit and do not have reasonable fraud prevention procedures in place.
Fraud has overtaken traditional crimes like theft and burglary to become the most commonly reported offence in the UK. With millions of cases reported each year, fraud poses a serious risk to individuals, businesses, and the wider economy. In response, laws are changing to hold companies more accountable for preventing such crimes.
Who is this Failure to Prevent Fraud Offence training for?
This e-learning course is aimed at all employees and gives an insight of expectations and key requirements of fraud prevention.
Learning objectives
By the end of the course you will be able to:
- Explain the Failure to Prevent Fraud offence and employee responsibilities
- Identify the various types of fraud
- Establish the meaning behind ‘Intention of Benefiting’
- Implement reasonable fraud prevention measures
- Explain liability and the penalties involved
- Determine reporting channels
Entry requirements
There are no entry requirements.
Course assessment and certification
Once the course has been successfully completed (80% pass mark required), a completion certificate will be available to download.
