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RSA calls on industry to act to avoid liability ‘landmine’

Adele Sumner, head of counter fraud strategy and financial crime at RSA

RSA has called on the wider insurance industry to help thousands of businesses ensure they don’t fall foul of new legislation and open themselves up to criminal liability.

The Economic Crime and Corporate Transparency Act, which received Royal Assent in 2023 and is set to come into effect on 1 September, introduces a failure to prevent fraud offence.

This places a legal

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