Ethicast Reacts - The Failure to Prevent Fraud Act

On September 1, 2025, the failure to prevent fraud offense under the Economic Crime and Corporate Transparency Act will go into effect. This means that an organization can be held criminally liable if any employee, agent, subsidiary, or other associated person or entity commits a fraud intending to benefit the organization or its clients, if the organization did not have reasonable fraud prevention procedures in place.  On today's episode of Ethicast Reacts, Erica Salmon Byrne, Chief Strategy Officer at Ethisphere will guide us through the Failure to Prevent Fraud Act and what companies need to consider as they prepare for the act to go into effect on September 1.  To read the guidance that Erica refrenced, click here: Guidance to organisations on the offence of failure to prevent fraud For more on the SFO, see a former Ethicast: Ethicast Reacts: New UK SFO Self-Reporting Guidance  More resources can be found at www.ethisphere.com/resources  Reach out to your Engagement Director or [email protected] for Sphere data, risk assessment resources, and more!  

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