fraud_act_2006The Fraud Act 2006 received Royal Assent on 8 November and is due to come into effect on 15 January 2007. The Act creates a new general offence of fraud with three ways of committing it:

  • Fraud by false representation
  • Fraud by failing to disclose information, and
  • Fraud by abuse of position

It also creates new offences:

  • Obtaining services dishonestly
  • Possessing, making and supplying articles for use in frauds
  • Fraudulent trading applicable to non-corporate traders.

Click for the full report