The Failure to Prevent Fraud Offence – Online Learning
To put it simply, this online course serves as an essential training tool for all employees that have a responsibility for fraud prevention, ensuring organisations adhere to the Failure to Prevent Fraud Offence legislation and maintain robust compliance measures. With this e-learning course:
- Explain the Failure to Prevent Fraud offence and employee responsibilities
- Identify the various types of fraud
- Establish the meaning behind ‘Intention of Benefiting’
- Implement reasonable fraud prevention measures
- Explain liability and the penalties involved
- Determine reporting channels
Available in 75 languages.
Course Introduction
Fraud has overtaken traditional crimes like theft and burglary to become the most commonly reported offence in the UK.
With millions of cases reported each year, fraud poses a serious risk to individuals, businesses, and the wider economy. In response, laws are changing to hold companies more accountable for preventing such crimes.
Introduced under the Economic Crime and Corporate Transparency Act 2023, the Failure to Prevent Fraud offence makes organisations liable if they fail to prevent fraud committed by employees or agents for the organisation’s benefit and do not have reasonable fraud prevention procedures in place.
This e-learning course provides an overview of the Failure to Prevent Fraud offence, including its scope, organisational requirements, and expected implementation timeline. It also looks at some practical steps learners can take to help prevent fraud and ensure compliance.
Course Content
- Overview of the Offence – Introduction to the Economic Crime and Corporate Transparency Act 2023 (ECCTA) and its purpose in corporate accountability.
- Associated Persons – Defining who qualifies as an associated person, including employees, agents, subsidiaries, and third-party service providers.
- Understanding Fraud – Explanation of fraud, its forms, and examples of common fraudulent activities.
- Intention of Benefitting – Clarifying what constitutes an organisational benefit from fraud, including direct, indirect, immediate, or delayed benefits.
- Reasonable Fraud Prevention Procedures – Detailed guidance on the principles and components of effective fraud prevention measures required by law.
- Liability Scenarios – Examining specific cases and situations where organisations could be held liable under the offence.
- Penalties for Non-Compliance – Discussion on potential consequences, including unlimited fines and the criteria courts consider during sentencing.
- Compliance Actions – Practical steps and best practices organisations must implement to avoid liability.
- Individual Responsibilities – Highlighting actions employees can take to prevent fraud, including recognising fraud indicators and appropriate reporting methods.
- A chance to test your knowledge of the topic with scoring
- The e-learning course comes with free CPD certificates for the learners
Customisable
All content can be adapted and altered to suit your needs. Courses are white-label as standard, but can include logos and branding where required. We can also provide AI generated language translations on demand.
Updates
All content is regularly reviewed and updated to ensure technical accuracy, best practice and legal compliance for your learners. Updates are all automatically made to content.
Certification
Your employees will receive personalised and dated certificates upon successful completion of our CPD certified e-learning courses. All courses have relevant accreditations.
Integration
Deliver e-learning courses via your own branded learning portal provided by us or upload our regularly updated courses to your own LMS if you would prefer.
