Failure to Prevent Fraud - Building an Effective Incident Response Framework

Introduction

Fraud now accounts for a substantial proportion of reported crime in the UK, with organisations increasingly exposed to sophisticated, fast-moving and high-impact incidents. At the same time, the introduction of the Economic Crime and Corporate Transparency Act 2023 has significantly raised expectations on companies to prevent fraud and demonstrate robust procedures - placing the issue firmly at board level.

Despite this, many organisations remain underprepared when a fraud incident actually occurs.

Having policies in place is no longer sufficient; what matters is how effectively and confidently you respond in the critical early stages.

This new virtual classroom seminar will equip you with a clear framework for responding to fraud incidents - from initial detection and containment through to investigation, reporting and recovery. It will also address how to engage with enforcement authorities, manage legal and reputational risk, and apply lessons learned to strengthen future resilience.

This session is ideal for compliance officers, company and finance directors.

What You Will Learn

This live and interactive session will cover the following:

• Identifying and assessing the main types of fraud incidents affecting organisations
• Understanding the ‘failure to prevent fraud’ offence and recent developments in corporate liability
• What to do in the first 24-48 hours of a suspected fraud incident
• Establishing control: containment, escalation and internal coordination
• Conducting effective and legally robust internal investigations
• Preserving, securing and managing evidence
• Applying relevant guidance, including Ministry of Justice and Serious Fraud Office expectations
• When and how to self-report and engaging effectively with enforcement authorities
• Managing legal, financial and reputational risk during an incident
• Planning and implementing recovery strategies
• Conducting post-incident reviews and embedding lessons learned to reduce future risk
• Recent prosecution cases

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.