Fraud currently accounts for around 38 percent of total crime in England and Wales, and it cost the UK £2.46 billion in FY 21/22. Instances of Fraud have continued to grow in recent years, representing a huge proportion of criminal activity that is costing the UK economy dearly.
Backed by international criminal enterprises, fraud can take many forms, from individual romance scams to defrauding public funds. Its scale and pervasiveness represent both a reputational and fiscal risk to government agencies and departments.
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