By  Ruth Prickett2025-08-29T17:48:00
Ruth Prickett2025-08-29T17:48:00
 
      The U.K. government is preparing to begin prosecutions under the new criminal offence of Failure to Prevent Fraud (FTPF), which comes into force on Sept 1. The Crown Prosecution Service (CPS) and Serious Fraud Office (SFO) signaled their intent to take action against companies that fail to comply when they published joint updated guidance for prosecutors dealing with corporate prosecutions on Aug 18.
The FTPF offense is being introduced under the U.K.’s Economic Crime and Corporate Transparency Act (ECCTA). It makes large organizations with two out of three of the criteria (over 250 employees, £36 million turnover or £18 million total assets), legally responsible for fraud committed by their employees, agents, subsidiaries, or other associated persons. Ab
 
                
                2025-09-04T18:49:00Z By Ruth Prickett
The EU has one, the U.K. is getting one, many U.S. states are working with Google and Apple to provide one, and now industry sectors are developing their own digital wallet.
 
                
                2025-06-19T19:28:00Z By Ruth Prickett
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
 
                
                2025-04-24T12:00:00Z By Ruth Prickett
Director accountability is back in the spotlight in the U.K., even as the government pushes for regulatory simplification to cut red tape and drive growth. This raises questions about how boards can be encouraged to take risks to grow their businesses while also being held more accountable for governance failings. ...
 
                
                2025-10-30T19:59:00Z By Oscar Gonzalez
Texas Attorney General Ken Paxton sued two pharmaceutical companies for ”deceptively marketing Tylenol to pregnant mothers” despite risks linked to autism. The filing came two days before HHS Secretary Robert F. Kennedy Jr. appeared to walk back the claims.
 
                
                2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
 
                
                2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
Site powered by Webvision Cloud
 
             
