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White-collar crime continues to pose serious risks to organisations, exposing them to financial loss and reputational harm. Without effective safeguards, businesses remain vulnerable to fraud and misconduct. In response, governments and regulators worldwide are intensifying scrutiny of corporate behaviour, with enforcement activity increasing across many jurisdictions.

Amid ongoing economic and geopolitical pressures, financial crime is expected to rise. Authorities with expanded powers are likely to adopt a more assertive enforcement approach.

A major development in the UK is the introduction of the failure to prevent fraud (FTPF) offence under the Economic Crime and Corporate Transparency Act 2023. This offence marks a shift from reactive enforcement to proactive prevention, imposing liability on large organisations where an associated person commits fraud for the organisation’s benefit and reasonable prevention procedures are lacking.

The FTPF offence aims to strengthen accountability, reduce fraud losses and improve confidence in business practices. It also reflects a broader global trend toward enhanced corporate liability for economic crimes.

Other jurisdictions may follow suit, given the growing international focus on corporate wrongdoing and regulatory enforcement.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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