Companies are wise to heed new UK fraud law even if enforcement is years away
By Martin Coyle ( August 28, 2025, 10:02 GMT | Comment) -- Large companies have been warned of consequences if they lack procedures to prevent fraud, once new UK legislation comes into effect next week. But history suggests that enforcement could be some way off. As the law isn’t retrospective, even if an offense was reported on day one, the time to investigate, charge and prosecute could add up to years. The Serious Fraud Office is also relying on the new law to drive changes in corporate behavior.Large companies have been warned of consequences if they don't have procedures to prevent fraud once new UK legislation comes into effect next week. But history suggests that enforcement could be some way off....
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