Failure to Prevent Fraud: Risk Assessment & Reasonable Procedures Framework

For compliance leads at UK lenders, brokers and corporates: a failure to prevent fraud risk assessment and reasonable-procedures framework under the Economic Crime and Corporate Transparency Act 2023, aligned to Home Office guidance, with owners, training and board reporting.

Use cases

• A motor finance lender documenting reasonable procedures for its dealer introducer network.
• A group compliance team checking which subsidiaries meet the large-organisation test and what each must do.
• A board risk committee requesting a first fraud risk assessment and action plan.