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Understanding the UK’s Failure to Prevent Fraud

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Manage episode 451216822 series 2990887
Content provided by Tom Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tom Fox and Jonathan Armstrong, renowned expert in cyber security, co-host the award-winning Life with GDPR. This episode delves into the UK’s Failure to Prevent Fraud guidance.

The podcast spans the initial implications and conflicts these new provisions present, especially in the context of GDPR and compliance with bribery investigations. Jonathan explains the concept of ‘failure to prevent fraud,’ drawing parallels with the 2010 UK Bribery Act, and outlines six key principles organizations must adhere to to demonstrate compliance. Additionally, the episode delves into specific steps compliance professionals should take before the new provisions come into force by July 2025, including gap analysis, policy updating, training, and more.

Key takeaways:

  • Failure to Prevent Bribery and Fraud
  • New Legislation and Its Implications
  • Reasonable Procedures Under the Failure to Prevent Fraud Act
  • Comparing Fraud and Bribery Compliance
  • Steps for Compliance Professionals

Resources:

Connect with Tom Fox

Connect with Jonathan Armstrong

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

104 episodes

Artwork
iconShare
 
Manage episode 451216822 series 2990887
Content provided by Tom Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tom Fox and Jonathan Armstrong, renowned expert in cyber security, co-host the award-winning Life with GDPR. This episode delves into the UK’s Failure to Prevent Fraud guidance.

The podcast spans the initial implications and conflicts these new provisions present, especially in the context of GDPR and compliance with bribery investigations. Jonathan explains the concept of ‘failure to prevent fraud,’ drawing parallels with the 2010 UK Bribery Act, and outlines six key principles organizations must adhere to to demonstrate compliance. Additionally, the episode delves into specific steps compliance professionals should take before the new provisions come into force by July 2025, including gap analysis, policy updating, training, and more.

Key takeaways:

  • Failure to Prevent Bribery and Fraud
  • New Legislation and Its Implications
  • Reasonable Procedures Under the Failure to Prevent Fraud Act
  • Comparing Fraud and Bribery Compliance
  • Steps for Compliance Professionals

Resources:

Connect with Tom Fox

Connect with Jonathan Armstrong

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

104 episodes

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