Failure to Prevent Fraud Risk Assessment
The failure to prevent fraud offence introduced by the Economic Crime and Corporate Transparency Act 2023 places significant responsibility on organisations to have appropriate fraud prevention procedures in place.
TLT's Failure to Prevent Fraud Risk Assessment has been developed by our economic crime specialists to help organisations better understand their potential exposure and evaluate the effectiveness of their current controls.
By answering a series of targeted questions, you'll receive a personalised report providing:
- An indicative assessment of your organisation's risk exposure
- Insights into the effectiveness of your existing fraud prevention procedures
- Areas where further review or enhancement may be beneficial
- Practical next steps to support ongoing compliance
The assessment is designed to provide an initial view of your organisation's position and support informed decision-making around fraud risk management and governance.
Why use the assessment?
Use the assessment as a springboard for a discussion with TLT's Economic Crime Compliance Team.
Gain a clearer picture of your fraud risk exposure
Understand how your activities, business relationships and control environment may influence your exposure to the failure to prevent fraud offence.
Benchmark your existing procedures
Assess whether your current fraud prevention framework is aligned with your organisation's risk profile.
Identify priorities for action
Receive practical insights to help focus resources on the areas that may require the most attention.
Get in touch
TLT has a well-established practice advising on a diverse range of economic crime and compliance matters, supporting clients operating in large-scale, high-risk corporate environments and vulnerable sectors.
The team advises on compliance with financial crime frameworks, risk management and regulatory engagement.
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