Session 5: Failure to Prevent Fraud

Speaker: Alex Wood

Overview:

Alex shares his unique insights into the mindset and techniques of fraudsters, emphasising the need for corporate responsibility in preventing fraud. He highlights the emotional toll on victims and the implications of legislation that criminalises companies for failing to prevent fraud.

In this session Alex explores:

What happens when employees commit fraud—and the consequences for company leaders and directors
Cultural and reputational fallout after internal fraud
Recent shifts in legislation, including ECCTA and FTPF, and what they mean for directors
Understanding the risks and realities of sophisticated fraud from someone who’s been inside the system
The legal, human, and business impact if directors are charged under new offences

Watch today See Failure to Prevent Fraud courses

Meet our speaker

Alex Wood

Keynote Speaker | BBC Presenter

Alex is a convicted fraudster who now advises government departments, including the Home Office, NHS, FCA, and FCDO, on fraud prevention. He serves on the Board of Advisors for FFAC C.I.C., helping to educate about financial crime. While in prison, Alex was signed by literary agent Andrew Lownie; he’s now represented by speaking agencies in the UK, Europe, and the USA. In 2025, Alex was elected Fellow of the Royal Society of Arts.

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