UK Finance publishes guidance on the Failure to Prevent Fraud offence, set to take effect on 1 Sept 2025, to help financial services comply with upcoming regulations

Although the guidance is aimed at the financial services sector it may also be of assistance to organisations in other sectors. It comprises 3 sections: Part 1: Guidance aimed at assisting firms to understand the offence; Part 2: Guidance on the types of reasonable prevention procedures that might be proportionate; Part 3: Guidance on the circumstances in which reasonable prevention procedures would not be reasonable…