ECCTA and Prevention Principles 5 and 6: Communication & training and monitoring and review

The UK’s Failure to Prevent Fraud offence will come into force on 1 September 2025.

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) introduced the organisational “failure to prevent” criminal offence, along with a reasonable procedures defence. Government guidance has been published on the steps that businesses should take if they are to have reasonable procedures. UK Finance has also published sector guidance.

The reasonable procedures defence will follow six principles of compliance. To help businesses prepare for the new offence we are hosting a series of succinct webinars covering the law and the six principles.

This webinar will cover:

• communication and training plans

• approaches to monitoring effectiveness
• whistleblowing and investigations