In this episode of the Corporate Director Podcast, Neta Meidav, Co-Founder and CEO of the Vault Platform and Lloydette Bai-Marrow, Director at Fraud Sentinel discuss the "failure to prevent fraud" offense under the UK Economic Crime and Corporate Transparency Act, which came into effect on September 1st. This new regulation significantly impacts large companies, both within and outside the UK, by transferring corporate criminal liability if they fail to implement reasonable fraud prevention measures. Netta and Lloydette share insights on how internal compliance teams can prepare for this change. They emphasize the importance of effective whistleblowing mechanisms, robust internal controls, and a culture of accountability within organizations.