Counter-fraud

Internal investigations can prove to be complicated, legally challenging undertakings which often require many hours of leadership resources to successfully resolve, and the law on evidence and criminal procedure rules create potential bear-traps for even the most diligent of investigation teams.

https://www.scotsman.com/news/opinion/columnists/we-can-help-you-to-navigate-the-compliance-investigation-minefield-andrew-sackey-3562415

Under changes coming in on 14 March, retailers will have to verify customer is who they claim to be

https://www.theguardian.com/money/2022/feb/12/uk-online-shoppers-face-more-identity-checks-as-new-anti-fraud-rules-kick-in

Sir David Green CB QC, the new chair of the Fraud Advisory Panel, on why weaknesses in counter-fraud systems and enforcement are making London an attractive place for fraudsters

https://www.icaew.com/insights/viewpoints-on-the-news/2022/feb-2022/fraud-risks-a-colossal-problem

Chancellor Rishi Sunak should allow the National Crime Agency (NCA) to investigate “astronomical levels of fraud” that was allegedly committed during the coronavirus pandemic, according to the Labour party.

https://www.cityam.com/rishi-sunak-urged-to-allow-national-crime-agency-to-probe-astronomical-levels-of-covid-loan-fraud/

The rapid digitalisation of the economy, turbo-charged by the Covid-19 pandemic, has presented new opportunities for all types of business. But the acceleration also brings challenges; businesses are under more pressure than ever before to offer secure, seamless, and efficient customer journeys to run a successful digital operation.

https://www.finextra.com/blogposting/21676/six-key-uk-fraud-trends-to-watch-out-for-in-2022

Advisers have floated the idea of a ‘broker union’ to protect themselves against rising levels of mortgage fraud which, some fear, could add to a perceived “imbalance” of power between them and the lenders they work with.

https://www.ftadviser.com/mortgages/2022/01/19/broker-union-floated-as-advisers-fear-rising-mortgage-fraud/

An anti-corruption think-tank has warned the UK is losing the fight against financial crime, as a lack of funding has left the country’s law enforcement agencies “over-stretched” and “under-resourced.”

https://www.cityam.com/conservative-peer-resigns-over-governments-failure-to-tackle-covid-fraud/

The COVID-19 pandemic saw a rise in identity theft as phishing emails and unsolicited robocalls increased in frequency. The theft of social security numbers resulted in higher numbers of false claims being made, while lockdown periods saw a rise in marketing scams and changed shopping habits, resulting in more people shopping online and falling victim to card fraud via digital payment methods.

https://www.easier.com/140952-identity-verification-methods-to-combat-fraud.html#.YeMuv04b2TQ.twitter

Around one in 13 (8%) people admit they have been involved in fraudulent conduct in the past year – including around one in seven (15%) 16 to 34-year-olds.

https://www.itv.com/news/2021-12-14/everyday-frauds-that-some-people-believe-are-reasonable-to-commit-revealed

A Stratford benefits cheat has been used as an example of why the government has announced a £510million pot of money to crackdown on fraudsters.

https://www.stratford-herald.com/news/250k-fraud-inspires-national-crackdown-on-benefit-cheats-9232649/