Redcliffe's Failure to Prevent Fraud training will provide you with a comprehensive understanding of the new legislation and its implications for your firm. Participants will leave with a clear understanding of the obligations under the "Failure to Prevent Fraud" offence and will benefit the organisation they represent.
Gain insight into the legislation’s legal framework, the six guiding principles that constitute reasonable prevention procedures, and how to identify potential fraud risks. During this course, you will explore the scope of the offence, understanding who is an "associated person" and how this person commits actions that could trigger corporate liability. The training emphasises the importance of establishing a robust anti-fraud culture, and the practical steps for implementing effective prevention measures:
- Risk assessments
- Due diligence
- Internal controls
- Reporting mechanisms
We explore real-world case studies and scenarios, allowing participants to apply their knowledge and understand how to interpret the legislation in practice. Learn how to document your prevention procedures, demonstrating compliance to regulators and avoiding potential penalties.
Guidance on how to install adequate training for employees and third parties is also provided. This ensures that all relevant personnel understand their responsibilities in preventing fraud.
Failure to Prevent Fraud Training will enable delegates to put in place effective prevention strategies and mitigate the risk of corporate liability. Course material also emphasises the importance of continuous improvement and adaptation to evolving fraud risks, ensuring long-term compliance and ethical business practices.