Decoding the Economic Crime Act – jurisdictional scope of the new Failure to Prevent Fraud Offence
Which companies inside or outside the UK may be liable under the new Failure to Prevent Fraud Offence? How should companies think about jurisdiction in scoping their 'reasonable procedures' project? In this episode, Susannah Cogman, Brian Spiro and Ali Grodzki provide an overview of the jurisdictional scope of the Failure to Prevent Fraud Offence, which is potentially very broad and differs in important ways from that of the failure to prevent bribery offence under the Bribery Act 2010.
You can also read our accompanying briefing on this topic, which is available on our blog https://hsfnotes.com/fsrandcorpcrime/2024/01/16/economic-crime-and-corporate-transparency-act-2023-jurisdictional-scope-of-the-failure-to-prevent-fraud-offence/
