From September this year, large organisations can be found criminally liable if employees, agents, subsidiaries or other ‘associated persons’ commit fraud intending to benefit the organisation or their clients.
Following the publication of statutory guidance in November last year, firms are now working to ensure they have reasonable fraud prevention procedures by the September 2025 deadline. But what should this look like for you and your organisation?
This GT insights article takes a closer look at the guidance on ‘reasonable procedures’ and how to identify the next steps to ensure you’re ready for the September deadline.
The Payments Association
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Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
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