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Fraud the Facts 2019
Fraud poses a major threat to the UK. It’s a crime that the finance industry is committed to tackling, but it’s also one that requires the combined efforts of every sector, both public and private, to overcome.
Our Fraud the Facts 2019 report lays bare the extent of the challenge. Last year the advanced security systems and innovations in which the finance industry invests to protect customers stopped more than £1.6 billion of unauthorised fraud. But despite this, criminals successfully stole £1.2 billion through fraud and scams in 2018.
These crimes can have a devastating impact on victims. And even if the customer gets the money back from their finance provider, the organised criminal gangs which perpetrate these frauds still profit from the proceeds. Money that may go on to fund illicit acts which damage our society – crimes such as terrorism, drug trafficking and people smuggling.
Economic Crime Congress, 12 February 2020
Following the huge success of the inaugural Economic Crime Congress in 2018 which attracted over 450 attendees with an opening keynote from the current Home Secretary, Sajid Javid, the next event will take place on Wednesday 12 February 2020. Streams include Anti-Money Laundering, Fraud Prevention, Financial Sanctions and Anti-Bribery and Corruption. The event will provide the opportunity for networking, high-level debate, and the chance to explore cross-sector collaboration.
