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Insurers warn directors as ‘failure to prevent fraud’ offence comes into force

By 2025-09-01T10:43:00

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’The direct scope of the offence applies only to the very largest companies, but the ripple effects will be felt throughout supply chains, bringing smaller businesses into scope as associated persons,’ says underwriter

A new corporate criminal offence that holds large organisations accountable for failing to prevent fraud came into effect today (1 September 2025), prompting warnings that boards must strengthen governance and fraud controls.

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