Counter-fraud

UK Finance has released its latest fraud report covering the first half of 2022. This report shows that while the end of the pandemic has seen a fall in overall fraud losses, some fraud types have increased as criminals continue to adapt their methods. The organisation noted that the drop was partially due to H1 21 being an exceptionally high period for fraud, rather than the start of a downward trend.

https://www.smeweb.com/2022/10/17/fraud-should-be-considered-a-national-security-threat/

Whistleblowing reports to HM Revenue & Customs went up by 70% in the past two years, according to a Freedom of Information request made by law firm Pinsent Masons.

https://www.personneltoday.com/hr/tax-fraud-whistleblowing/

Colin Gray, Principal Fraud Consultant at SAS UK, looks at the technologies that can help governments fight fraud since the Energy Bill Relief Scheme came into force

https://www.openaccessgovernment.org/energy-bill-relief-scheme-freezing-out-the-fraudsters/145527/

Consumers and businesses are facing numerous threats as fraudsters deploy new and sophisticated scams to part people from their digital identity and money.

https://www.finextra.com/blogposting/22948/how-businesses-and-customers-can-mitigate-new-fraud-threats-in-2022

Investment fraud is surging due to the fact that immediately after the commercially crippling pandemic lockdown, the war in Ukraine has rapidly driven up the cost of living. The difficult commercial landscape where profits are rapidly dropping creates fertile ground for investment fraud where the target is initially promised unrealistic returns on their investment.

https://www.giambronelaw.com/site/news-articles-press/library/articles/how-to-avoid-investment-fraud-things-to-look-out-for

Although whistleblowing is often represented as huge scandals in the media or on TV, it is often not quite as dramatic in reality. The majority of whistleblower cases are handled internally and concern the incorrect treatment of employees or negative working conditions. However, there have been huge scandals that have occurred at very large corporate companies. Scandals that could have been prevented with the help of whistleblowing. In this post, we therefore take a closer look at 3 occasions that whistleblowing could have made a difference.

https://www.riskcompliance.biz/news/three-examples-where-whistleblowing-could-have-made-a-difference/

UK businesses can expect a crackdown on furlough fraud after HM Revenue & Customs (HMRC) revealed that almost 14,000 whistleblowers had come forward with information about misuse of the scheme.

https://www.scotsman.com/news/opinion/columnists/furlough-scheme-fraud-crackdown-ramped-up-3828670

The construction industry plays a central role in the UK’s ‘levelling up’ plans, making new infrastructure, homes and service projects a reality.

https://hertstools.co.uk/fraud-in-the-construction-industry/

Chancelle Blakey, business development manager at Safecall, discusses how the food sector is lagging behind in the whistleblowing trend and why it should take part

https://www.specialityfoodmagazine.com/retail/how-whistleblowing-systems-can-help-the-food-industry-address-wrongdoing

Students heading to university this September have been warned to be extra vigilant when it comes to their money as figures reveal more than half have been targeted by criminals in the past year.

https://www.yourmoney.com/saving-banking/student-scams-soar-heres-how-to-stay-safe/