Aziz Rahman Emphasises the Potential Importance of the Proposed Failure to Prevent Fraud Offence
Aziz Rahman called moves to introduce an offence of failure to prevent fraud a potential game changer for the Serious Fraud Office.
Law360 asked Aziz for his thoughts on the UK government’s announcement that it is set to create a new offence that will make companies criminally liable for failing to prevent fraud by their employees.
Aziz Rahman emphasised that the new offence "looks set to be a game-changer’’ that businesses need to view as “a compliance alarm call’’.
He added: “It gives the SFO a new line of attack - and corporates have to ensure they do all they can to ensure they have an adequate defence."
Aziz explained that a failure by corporates to assess their internal compliance and fraud prevention procedures may mean they cannot rely on the reasonable measures defence that would be available to the offence, which could prove costly.
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