The Economic Crime and Corporate Transparency Act 2023 subjects companies to new areas of liability for failing to prevent fraud that can arise from corruption, sanctions evasion, and inaccurate financial or ESG reporting. Under the Act’s failure to prevent fraud offense, large entities can be prosecuted for certain actions, unless they can tangibly demonstrate reasonable controls to prevent fraud.

This white paper explores practical guidance for compliance organizations seeking to implement such controls using purpose-built compliance technology that meets the needs of their company’s broader business and IT teams.

Download now to learn more.