News | October 16, 2024
UK Economic Crime and Corporate Transparency Act (ECCTA) Article Series
The UK’s Economic Crime and Corporate Transparency Act (ECCTA) represents a significant regulatory shift, holding businesses accountable for preventing fraud across their operations, including their third-party networks. With no statutory defence for a “failure to prevent fraud,” organisations are now required to demonstrate comprehensive fraud prevention measures. Senior management is under increased scrutiny, tasked with […]