Failure to prevent corruption is now a criminal offence as South Africa added the phrase “failure to prevent corrupt activities offence” in section 34A of the Prevention and Combating of Corrupt ...

The introduction of the “failure to prevent fraud” offence under the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”) represents a significant step in the UK’s corporate criminal liability ...

A significant recommendation of the Zondo Commission, the introduction of a “failure to prevent corruption offence”, is on the cusp of being introduced in South Africa. The Judicial Matters Amendment ...

Under the new offence, any member of a private sector or incorporated state-owned entity is guilty of an offence if a person associated with them gives or agrees, or offers to give, any “gratification ...

The new offence of failure to prevent fraud carries the penalty of an unlimited fine for organisations within scope and the danger of significant reputational damage. Rhys Novak and Robin Hayden ...

With the creation of a new offence of failure to prevent fraud, which comes into force on 1 September 2025, major corporations will be held more strictly to account for fraud committed by their ...

Fraud is now the most prevalent criminal offence in the UK, with the government reporting that fraud represents more than 40% of all crime. There has been a long-running debate about whether ...

The “failure to prevent fraud” offence came into effect last week, and while many financial advice firms may not automatically think they will be in scope, there are a number of knock-on consequences.