Financial Crime Financial Crime

UK's new failure to prevent fraud offense faces 2025 implementation

By Martin Coyle
  • 31 May 2024 16:24
  • 31 May 2024 16:27
The UK’s new failure to prevent fraud offense, which will penalize large companies failing to put in measures to fight wrongdoing, is unlikely to become law before next year due to delays caused by the election, MLex has learned.
The Economic Crime and Corporate Transparency Act, which was passed by

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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