UK's new fraud law: What boards need to know

The UK’s new fraud law raises the stakes and the expectations for directors. In his recent article, Ty Francis MBE, CCEP, Chief Advisory Officer at LRN, unpacked what boards need to know about the Failure to Prevent Fraud offence, now in force under the Economic Crime and Corporate Transparency Act (ECCTA). Tucked into the Economic Crime and Corporate Transparency Act (ECCTA), the law broadens organizational liability for fraud and makes clear that passive oversight is no longer acceptable. Boards must move beyond policies on paper and take measurable steps to prevent misconduct—from proactive risk assessments and behavior-based training to culture metrics and clear escalation pathways. Read the full article here: https://hubs.li/Q03TvxML0 #FraudPrevention #BoardGovernance #CorporateCulture #Leadership