This special edition of the Financial Crime Weekly Podcast unpacks the landmark “Failure to Prevent Fraud” offence introduced under the Economic Crime and Corporate Transparency Act 2023. Effective from 1 September 2025, the law reshapes corporate accountability by imposing strict liability on large organisations when associated parties commit fraud intended to benefit them. The episode explores why the reform was needed, the elements of the offence, its jurisdictional reach, penalties, and the statutory defence of “reasonable prevention procedures.” With practical insights into compliance expectations and cultural change, it’s an essential listen for anyone navigating the new era of corporate fraud prevention.