|
<< Previous Story | Next Story >> |
||
|
|
Standards & GuidanceUK government sets out strategy on fraud
The UK is to have a National Fraud Strategic Authority and National Fraud Reporting Centre as part of the government's plan to establish a more co-ordinated and professional approach to tackling fraud.
The government's proposals were its response to the fraud review which reported last July. The Fraud Act came into force in January introducing for the first time a statutory offence of fraud which the government said would give greater clarity to investigators and prosecutors and enable more accurate reporting.
A study commissioned by the Association of Chief Police Officers estimated last month that the extent of losses from fraud for businesses in the financial sector was just over £1bn and just under £1bn for all other UK business in 2005.
The report, which brought together estimates of the cost of fraud produced by a range of previous studies, suggested that another £1.82bn could be added to the total cost of businesses of fraud as a number of surveys do not separate the financial and other sectors.
The report estimated that the total cost of fraud in the UK could be at least £13.9bn. The primary responsibility for fraud prevention, the report stated, must lie with the victims. This, the study suggested, was particularly true in the business sector as it alone must have the capacity and motivation to spend money on technology, training and staff to reduce frauds against themselves, and against others affected.
LinksFighting Fraud Together - Government response to Fraud Review 2005 Association of Chief Police Officers ACPO report - The Nature, Extent and Economic Impact of Fraud in the UK
April, 2007 |
|
|
<< Previous Story | Next Story >> |