Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures
The Payments Association
FEBRUARY 10, 2025
On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Taking proactive action Conducting a risk assessment must be a continual process for firms looking to avoid repercussions.
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