Research, Survey and Statistics

The value of major fraud cases going through the Scottish courts increased by £11 million, according to the latest data from KPMG’s Fraud Barometer, which analyses alleged fraud worth more than £100,000.

https://www.scottishlegal.com/article/value-of-major-fraud-cases-in-scotland-more-than-triples-in-2019

Fraudsters in the UK “currently operate with impunity” and police have not kept pace with the sharp rise in cases, a report has found.

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Insider fraud more than doubled in 2019 to £46 million.

The 6th largest value recorded in the Fraud Barometer's 33 year history.

Each and every business in the UK is a potential target for financial crime. No matter how you might attempt to sugar coat it – “We’re too small”, “We’re too large”, or even “We would never fall for that” – no business is ever completely immune to threats of financial crime like fraud.

https://www.worldfirst.com/uk/blog/currency-transfer-news/putting-a-stop-to-fraud-with-worldfirst/

Anti-money laundering service, SmartSearch, has reviewed 10 of the most lucrative fraud and money laundering cases in recent years, and provides advice on what businesses and individuals can learn from these.

When Fraud Magazine debuted its first list of scandalous fraud cases last year, names like Theranos, 1MDB and Danske Bank were all over the news for their notorious schemes. It’s hard to believe that anything could top these costly and infamous cases, but, sadly, fraud never seems to be on the decline.

https://www.fraud-magazine.com/recap-article19.aspx?id=4295009428&mkt_tok=eyJpIjoiWTJZd01XSXlNemRqTXpCaiIsInQiOiJzUERWb0FCenowUjhSSlBZdE5pYTduWWI3UzFCZzBoQ3VldmNCeHgxbmNRQlU3WlVBQTlxRmVRdTNuTlk1ckhLcWxLaWhwWml3UmlQaTVGemI3RFViZjNSNmdrWHRBQVFudHFxYXhxbnhLeGV2M2hTaU9MdzVrS3hPZkluZ0xvZ2NIMW52NFwvUTFUcFpWeUl3aEZPTll3PT0ifQ%3D%3D

Analytics software firm FICO has released its annual interactive European Fraud Map, which shows that the UK’s card fraud losses hit a record £671 million in 2018. The data from Euromonitor International and UK Finance compares these losses against previous years and 18 other European countries.

https://thefintechtimes.com/uk-card-fraud-losses/

The number of white collar crime prosecutions in the UK has fallen to its lowest level in five years, according to figures published today.