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UK to Make "Failure to Prevent" Fraud a Crime

by Starling Insights

Starling Insights Editorial Board

Feb 03, 2023

Observations

The UK government's Security Minister, Tom Tugendhat, recently said that new provisions to the upcoming Economic Crime and Corporate Transparency bill would make "failure to prevent" fraud a criminal offense.

The rules will likely be based upon the UK's other "failure to prevent" offenses for bribery and tax evasion, which were legislated in 2010 and 2017, respectively.

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UK to Make "Failure to Prevent" Fraud a Crime

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