Failure to Prevent Fraud - Interactive Webinar

This interactive 90-minute webinar provides a practical and regulatory overview of the new “failure to prevent fraud” offence introduced under the Economic Crime and Corporate Transparency Act 2023. Francis Stroudley and Jacob Koree of Novatus Global will lead this session to explore the scope of the legislation, what constitutes fraud under the Act, the impact on investment firms and the expectations around “reasonable procedures” to prevent it. Participants will gain insight into how the offence applies to associated persons, and what steps firms must take to mitigate risk and demonstrate compliance. The course will include interactive implementation planning, guidance on policy and control design, and a discussion on how to embed fraud prevention into corporate culture. Attendees will leave with practical tools to support implementation within their firm.

Key learning objectives:

•    Defining the failure to prevent fraud legislation

•    How to ensure readiness with a project mindset

•    Distributors as a key point of contention in associated person mapping

•     The role of senior management in demonstrating top-level commitment

•   What is the “failure to prevent fraud” offence

•   Who is in scope

•   How this legislation is different

•   What are the consequences for non-compliance

•   Project mindset

• Mobilisation
• Associated Persons mapping
• Risk Assessment
• Policies and Procedures uplift
• Governance attestations
• Training and Communications
• Audit and Testing
• Closure

•   Distributors: Spotlight on IFAs and Platforms

•   Building a zero-tolerance culture to Fraud

•   Considerations for Senior Management

•    Ongoing Monitoring post go-live

Francis Stroudley is an Executive Director at Novatus Global where he currently oversees the Compliance Advisory practice. He has extensive experience leading compliance functions and programmes across Tier 1 Investment Banks, Global Asset Managers and Market Technology Providers. Francis has guided Investment Firms on their “Failure to Prevent Fraud” readiness journey and has developed multiple thought leadership materials on the legislation. Francis continues to support firms with a wide range of regulatory change.

Jacob Koree is a Manager at Novatus Global and holds a leading role in the Anti-Financial Crime offering at the practice. He brings extensive experience in delivering ECCTA “Failure to Prevent Fraud” readiness activities across Investment Firms. Within his capacity as Anti-Financial Crime lead Jacob has also worked across several financial services firms to deliver technical and operational solutions within AML and Fraud.

This webinar is aimed at those who are involved in the below areas:

• Compliance Officers 
• Risk Management Professionals
• Legal and Regulatory Teams 
• Senior Management and Board Members 
• Operational and Project Managers 
• Training and Communications Leads 
• Investment Firm Staff 
• Internal Audit and Monitoring Teams 

£95.00 + VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

• Any cancellation must be made in writing.
• For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable.
• No refund is given for a cancellation made 14 days or less prior to the commencement of a course.
• Transferring from one course to another is treated as a cancellation.
• You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.