WEBINAR: Failure to Prevent Fraud: Moving from Awareness to Action

With the Failure to Prevent Fraud (FtPF) offence coming into force on 1 September 2025, firms have limited time to move from awareness to action. This webinar takes a practical and detailed look at what compliance actually requires, focusing on the operational and technical steps needed to implement defensible fraud prevention procedures.

We explored how firms could assess risk exposure, design proportionate controls, embed accountability across lines of defence, and align FtPF efforts with existing financial crime compliance frameworks. The session also covered key challenges such as third-party risk, training, monitoring, and how to demonstrate “reasonable procedures” in practice.

Attendees came away with actionable insights to help them move from strategy to execution—supported by real-world examples, lessons from related regimes (like ABC and FtP Tax Evasion), and perspectives from cross-functional experts.

Key Takeaways:

• Gained a clear understanding of how to assess organisational exposure to FtPF and prioritise next steps
• Explored the development of proportionate, risk-based fraud prevention procedures that stand up to scrutiny
• Understood how to integrate FtPF into existing financial crime frameworks to maximise efficiency
• Identified effective governance structures, training programmes, and third-party oversight mechanisms needed for compliance
• Gained insight into practical implementation challenges and how to navigate them ahead of the September deadline

Date:  Thursday, 22 May 2025