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How can business help solve society’s biggest challenges? Welcome to Take on Tomorrow, the award-winning podcast from PwC that examines the biggest problems facing society and the role business can—and should—play in solving them. Hosts Femi Oke and Lizzie O’Leary talk to industry innovators, tech trailblazers and visionary leaders from around the globe about timely topics: from the climate transition to AI and data; and from the future of food to how we build, move and power the world.
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Tom Fox and Jonathan Armstrong, renowned expert in cyber security, co-host the award-winning Life with GDPR. This episode delves into the UK’s Failure to Prevent Fraud guidance.
The podcast spans the initial implications and conflicts these new provisions present, especially in the context of GDPR and compliance with bribery investigations. Jonathan explains the concept of ‘failure to prevent fraud,’ drawing parallels with the 2010 UK Bribery Act, and outlines six key principles organizations must adhere to to demonstrate compliance. Additionally, the episode delves into specific steps compliance professionals should take before the new provisions come into force by July 2025, including gap analysis, policy updating, training, and more.
Key takeaways:
- Failure to Prevent Bribery and Fraud
- New Legislation and Its Implications
- Reasonable Procedures Under the Failure to Prevent Fraud Act
- Comparing Fraud and Bribery Compliance
- Steps for Compliance Professionals
Resources:
Connect with Tom Fox
Connect with Jonathan Armstrong
Learn more about your ad choices. Visit megaphone.fm/adchoices
108 episodes
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