Overview
In this webinar, Bruce Viney and Michael Sacks discuss what firms can still do now to help ensure their fraud control frameworks are adequate for the purposes of the new corporate offence. By attending this webinar, you will be able to:
- Identify the key issues relating to the new Failure to Prevent Fraud Offence
- Explain the new concepts introduced by ECCTA, including 'benefit', 'associates' and 'reasonable measures'
- Describe and apply the key aspects of a gap analysis of your firm's fraud risk assessment
- Explain and apply the detailed requirements of the Government's guidance relating to 'reasonable measures'
- Identify the key elements of effective anti-fraud training
Who should attend?
This webinar is intended for Heads of Compliance, Compliance Officers, MLROs, Fraud Officers, Senior Management, and Heads of Finance of firms within the financial services setting.
Why should you attend?
The Economic Crime and Corporate Transparency Act’s (ECCTA) new corporate offence of failing to prevent fraud (FtPF) became law on 1st September 2025.
Existing fraud controls may not be adequate for the purposes of the new corporate offence. This is because the offence introduces new criteria that are unlikely to have been in pre-existing fraud control frameworks.
Speaker bios
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Bruce has been working in financial services for nearly 40 years, 25 of these as a learning professional focusing on compliance for a wide range of financial services companies, mainly through the analysis, design, creation and implementation of global training programmes for Tier 1 Banks and FTSE 100 companies. He has been Global Head of Compliance Learning for such firms three times and has provided compliance learning consultancy to similar companies many times. Bruce has also provided compliance training and consultancy in other fields such as real estate, industrial supply chains, charities, payment services providers, gambling and casinos and many others. He works as a compliance and training consultant for the pharmaceutical industry. A former Director of Training for CISI, Bruce has extensive experience of compliance and financial services related qualifications and qualified as a Chartered Accountant with Price Waterhouse (as it was then known). Bruce has wide experience of successfully delivering compliance-related training in Europe, The Middle East, the Far East, India, North America and Africa. Bruce’s training is highly effective with a clear focus on how adults learn most effectively, using innovative design and delivery, which combines a stimulating, culture-sensitive, learning environment with the highest standards of professionalism and a focus on the required knowledge, skills and behaviours of banking professionals. Bruce provides excellent training events on compliance, with a specific focus on financial crime, including all aspects of anti-money laundering, anti-bribery and corruption, fraud and sanctions. |
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Michael has over 20 years’ experience in compliance learning, with particular expertise in developing innovative, blended learning solutions. He started his career as a lawyer, advising on UK and international regulation. In 2005, he set up a global compliance training provider which developed online and classroom training for major financial groups, regulators and multi-national companies. As one of the lead subject matter experts, he delivered compliance training on a wide range of regulatory topics, including financial crime, market conduct, information security and conduct risk. Michael has worked with regulators and industry bodies, including the FSA (now FCA), the JMLSG and the BSR/UN Global Compact, to develop training and awareness initiatives in relation to major legal and regulatory events. He is also the author of ‘Financial Services Regulation - A Practical Guide’ which was endorsed by Sir Callum McCarthy, former Chairman of the FSA. |