by Karolos Seeger, Aisling Cowell, Andrew H. Lee, and Sophie Michalski
Left to Right: Karolos Seeger, Aisling Cowell, Andrew H. Lee, and Sophie Michalski (photos courtesy of Debevoise & Plimpton LLP)
On 6 November 2024, the Home Office finally published government guidance on the corporate offence of failure to prevent fraud (the “FTPF Offence”), which was introduced in the Economic Crime and Corporate Transparency Act 2023 enacted last October. The new offence will now come into force on 1 September 2025, giving companies a longer period to prepare than had been expected.