Counter-fraud

November 14-20, 2021

Join the global effort to minimize the impact of fraud by promoting anti-fraud awareness and education

Yesterday we reported on the launch of an initiative by the Law Society and National Economic Crime Centre to alert home buyers to the dangers of being scammed while in the process to transferring monies to purchase a property.

https://propertyindustryeye.com/fraud-initiative-why-cant-estate-agents-also-be-asked-to-share-the-flyers-asks-reader/

Make Confirmation of Payee More Available to Tackle Fraud, Payments Regulator Says

https://www.moneyexpert.com/news/make-confirmation-of-payee-more-available-to-tackle-fraud-payments-regulator-says/

Home buyers are being warned about a spike in scams which have seen victims defrauded out of hundreds of thousands of pounds.

https://propertyindustryeye.com/fraud-warning-as-home-buyers-targeted/

Home Secretary Priti Patel said the Government alone cannot tackle the rise in fraud as three new industry charters were unveiled with the aim of strengthening security.

https://uk.news.yahoo.com/patel-government-alone-cannot-fix-230100478.html

Finalists of the third year of the TECAs have been announced. All those that have been selected have been judged by an independent panel – appointed by the leading associations and anti-fraud groups – to have demonstrated commitment and outstanding performance in tackling all areas of economic crime.

https://thetecas.com/2021/10/06/2021-tackling-economic-crime-awards-tecas-finalists-announced/

Which? says action is also needed to prevent scams and ensure victims are treated fairly

https://www.which.co.uk/news/2021/09/can-the-new-159-anti-fraud-hotline-stop-impersonation-scams/

New Fraud Hotline Launched to Protect Consumers from Bank Transfer Scams

Consumers worried they’re being conned can now dial 159 to be connected to their bank and receive advice, in a new pilot scheme to tackle the epidemic of bank transfer scams.

https://www.moneyexpert.com/news/new-fraud-hotline-launched-to-protect-consumers-from-bank-transfer-scams/

A specialist police unit, the Dedicated Card and Payment Crime Unit (DCPCU), which targets the organised criminal gangs behind fraud prevented £85m being stolen in the first half of this year, according to UK Finance.

https://www.mortgageintroducer.com/uk-finance-85m-prevented-fraud-dcpcu/

Three in four fraud professionals back mandatory reporting about instances of the UK’s most common crime according to a new survey.

https://www.cityam.com/three-in-four-fraud-professionals-back-mandatory-reporting/