#eBook
UK Failure to Prevent Fraud Law: A Readiness Checklist for Compliance Officers
by Parth Chanda, EVP, Risk and Compliance Transformation, Case IQ
The UK Failure to Prevent Fraud Act, part of the Economic Crime and Corporate Transparency Act 2023, comes into force on September 1, 2025. This landmark legislation introduces a new corporate criminal offense: failing to prevent fraud. Large organizations with UK operations—or even a UK connection—must prove they have reasonable fraud prevention procedures in place or risk criminal liability.
Our new resource, the “UK Failure to Prevent Fraud Law: A Readiness Checklist for Compliance Officers,” gives compliance officers and risk leaders a practical roadmap to prepare. Written by Parth Chanda, compliance expert and Case IQ’s EVP of Risk and Compliance Transformation, this guide outlines exactly what you need to know and do before the law takes effect.
What You’ll Get in This Free eBook
- A clear breakdown of who the UK Failure to Prevent Fraud Act applies to
- The full list of fraud offenses covered under the law
- The only defense available to organizations charged under this act
- The six principles for building reasonable fraud prevention procedures
- Practical steps for risk assessment, due diligence, monitoring, and whistleblowing
- Insights on how Case IQ’s solutions support the fraud prevention lifecycle
Why This Matters
Under the UK Failure to Prevent Fraud Act, companies can be held liable for fraud committed by employees, subsidiaries, or third parties—even if senior leadership had no knowledge of the misconduct. The only way to defend against liability is to show that your organization had robust, reasonable, and proportionate procedures in place.
This eBook will help you:
- Benchmark your current fraud controls against government guidance
- Identify and close compliance gaps before enforcement begins
- Strengthen your organization’s fraud prevention culture and governance
Act Now: Compliance Deadline Approaching
The law takes effect September 1, 2025. Organizations that don’t prepare risk not only regulatory penalties, but also serious reputational damage. Equip your compliance team with the expert insights and practical checklists they need to be ready for the UK Failure to Prevent Fraud Act; download the eBook now.
About the Author
Parth Chanda, EVP, Risk and Compliance Transformation, Case IQ
Over the past 20 years, Parth has established himself as a leader in the field of anti-corruption and financial crimes compliance. Beginning his career with a fellowship in 2002 in the World Bank’s internal investigations group, Parth has been at the vanguard of enterprise efforts to combat bribery and fraud.
Prior to Lextegrity and Case IQ, Parth served as the lead counsel for Pfizer’s global anti-corruption program office for five years. In that role, he navigated its FCPA deferred prosecution agreement while overseeing a multi-year transformation of its anti-corruption program, from redesign of procedures and third-party due diligence processes, to financial systems integration, risk assessment and fraud analytics.
Prior to Pfizer, Parth was hired to oversee the enhancement of Avon’s global anti-corruption compliance program after its voluntary disclosure of FCPA matters to U.S. authorities.Parth began his career at the law firm of Shearman & Sterling, where he served on two FCPA monitorship teams, led multi-country FCPA investigations, and was Contributing Editor of its FCPA Digest.
Parth has a JD from Harvard Law School, an MPA from the Kennedy School of Government and a BA from Northwestern University.