Counter-fraud

Millions of Brits are ignoring vital warnings that bank account details don’t match when making a transfer, leaving them at risk of scammers, a survey revealed.

https://uk.news.yahoo.com/millions-ignoring-crucial-warnings-when-making-bank-transfers-230137905.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

The government will invest £48.8mn in a new counter-fraud authority over the next three years to “step up” efforts against fraud and “recover millions of pounds”.

https://www.ftadviser.com/regulation/2022/03/23/govt-pours-48mn-into-new-counter-fraud-authority/

The Insurance Fraud Bureau (IFB) has announced that Zego Insurance has joined the organisation.

https://www.insurancebusinessmag.com/uk/news/breaking-news/zego-joins-the-insurance-fraud-bureau-399271.aspx#disqus_thread

The UK’s fraud watchdog has seen a spike in whistle-blowing reports during the pandemic, new research has found, with the number climbing to 150 in 2021.

https://www.cityam.com/fraud-watchdog-sees-spike-in-whistle-blowing-reports-during-pandemic/

Outgoing chief inspector of constabulary Sir Tom Winsor said the detection rate in fraud is “woefully low”.

https://www.expressandstar.com/news/uk-news/2022/03/10/fraud-must-be-taken-far-more-seriously-by-police/

From scam phone calls, text messages and emails, fake websites, falsified documents and fake insurance claims, fraud has become big business – and a big problem.

https://www.cityam.com/evening-interview-current-approach-to-750m-fraud-tsunami-is-like-taking-a-knife-into-a-gunfight-says-e-crime-guru/

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/