SFO-CPS guidance on corporate prosecution: key takeaways

by Mark Beardsworth, Duncan Grieve and Sharon Takhar

One of the most significant elements of the Economic Crime and Corporate Transparency Act 2023 (ECCTA), which recently came into force, is the new failure to prevent fraud (FTPF) offence. A significant milestone for governance management, the primary objective of FTPF is to ensure that good governance remains an absolute priority for large organisations and to hold them accountable if they fail to implement procedures to prevent it.