The fraud landscape in the UK is changing, and it will become much easier to prosecute organisations for fraudulent offences.
In September 2025, the UK’s new corporate “failure to prevent fraud” offence introduced under the Economic Crime and Corporate Transparency Act 2023 (Act), will come into force. This marks a key step in the UK government’s intention to bring about a corporate-culture shift around fraud prevention, encouraging organisations to take proactive measures to prevent fraud.
http://whitecollarwatch.sidley.com/wp-content/uploads/sites/8/2026/03/sidleyLogo-e1643922598198.png00Sara Georgehttp://whitecollarwatch.sidley.com/wp-content/uploads/sites/8/2026/03/sidleyLogo-e1643922598198.pngSara George2025-01-16 13:29:592026-04-15 13:15:15The New UK Corporate Offence of Failure to Prevent Fraud
On October 21, 2024, the U.S. Securities and Exchange Commission (SEC or Commission) Division of Examinations (Division) published its annual examination priorities (Priorities) outlining areas of perceived risk and topics that the Division plans to focus on in the new fiscal year. The Priorities were published just weeks before the U.S. presidential elections, and, while the SEC’s examination program does not change significantly with changes in administration, new leadership will undoubtedly announce their own priorities for the Commission. (more…)
The New UK Corporate Offence of Failure to Prevent Fraud
The fraud landscape in the UK is changing, and it will become much easier to prosecute organisations for fraudulent offences.
In September 2025, the UK’s new corporate “failure to prevent fraud” offence introduced under the Economic Crime and Corporate Transparency Act 2023 (Act), will come into force. This marks a key step in the UK government’s intention to bring about a corporate-culture shift around fraud prevention, encouraging organisations to take proactive measures to prevent fraud.
(more…)
Sara George
London
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Samantha Cumming
London
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Josie Welland
London
josie.welland@sidley.com
US SEC Division of Exams Announces 2025 Examination Priorities
On October 21, 2024, the U.S. Securities and Exchange Commission (SEC or Commission) Division of Examinations (Division) published its annual examination priorities (Priorities) outlining areas of perceived risk and topics that the Division plans to focus on in the new fiscal year. The Priorities were published just weeks before the U.S. presidential elections, and, while the SEC’s examination program does not change significantly with changes in administration, new leadership will undoubtedly announce their own priorities for the Commission. (more…)
W. Hardy Callcott
San Francisco
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Chuck Daly
New York, Boston
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Ranah Esmaili
Washington, D.C., New York
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Victoria A. Anglin
Los Angeles
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