The Department for Work and Pensions (DWP) is looking at potential legislative measures to help reduce levels of fraud, error and debt in the benefits system, as set out in the May 2022 policy paper, 'Fighting Fraud in the Welfare System'.

The findings from the 'British Social Attitudes Survey' have now been published from a recent DWP survey which aimed to understand public perceptions of fraud, error and debt in the benefits system along with exploring the acceptability of proposed new powers to help inform future policy development.

https://www.msn.com/en-gb/money/other/dwp-propose-investigators-look-at-where-people-spend-their-money-to-stop-benefit-fraud/ar-AA1jnkOY?ocid=socialshare

The fifth Tackling Economic Crime Awards (TECAs) event, sponsored by Altia, took place at Novotel London West on 1 November 2023.

More than three hundred financial crime professionals gathered to celebrate the very best from across the sector with dinner and a presentation event hosted by former Commissioner of the City of London Police, Ian Dyson QPM DL.

https://thetecas.com/2023/11/01/winners-of-2023-tackling-economic-crime-awards-announced/

The rise of highly skilled criminal gangs is a strong argument for cybersecurity and anti-fraud professionals to join forces, but there are other factors at play too.

During the Covid-19 pandemic, 3.2 million UK households bought a pet to stave off lockdown loneliness. Unfortunately, where that kind of cash goes, criminals usually follow.

https://www.raconteur.net/technology/fraud-and-cyber-silos

Will the government’s strategy be enough to combat the country’s No. 1 crime problem?

Fraud now accounts for more than 40% of all crime in the United Kingdom. Here we explore what’s behind this proliferation of fraud in England and Wales and what anti-fraud experts say the government must do to crush it.

https://www.fraud-magazine.com/cover-article.aspx?id=4295022048

The UK’s payments regulator has published the first entry in a new data series tracking how individual banks have been affected by and responded to authorised push payment (APP) fraud.

The Payment Systems Regulator collected figures from the country’s 14 largest banks, as well as nine smaller firms that were among the top receivers of money from fraud.

https://www.cityam.com/payments-regulator-names-worst-banks-for-fraud-reimbursement/

UK Finance today releases its half-year fraud report, detailing the amount its members reported as stolen through fraud and scams in the first half of 2023.

https://www.ukfinance.org.uk/news-and-insight/press-release/criminals-steal-over-half-billion-pounds-and-nearly-80-cent-app

Whether it’s pension scams, banking app scams and self-assessment tax fraud,more people are falling victim to scammers.

Fraudsters made off with millions of pounds in the first half of 2023, new figures from banking trade body UK Finance have revealed.

https://moneyweek.com/personal-finance/fraudsters-stole-more-than-pound500-million-in-first-half-of-the-year

The Economic Crime and Corporate Transparency Act (the ECCTA) received Royal Assent on 26 October 2023, following over a year of debate and amendment as it progressed through Parliament. It is a broad and comprehensive piece of legislation which aims to tackle the use of the UK’s corporate, real estate and business sectors by criminals for nefarious purposes and address the reputation London sometimes has as a place where money laundering and fraud are commonplace.

https://www.linklaters.com/en/insights/blogs/businesscrimelinks/2023/october/the-economic-crime-and-corporate-transparency-act-receives-royal-assent/

More than half a billion pounds was lost to fraud in the UK over the first half of the year, while the number of authorised scams jumped by more than a fifth, according to new data.

Criminals stole £580 million through authorised and unauthorised fraud over the first six months of 2023, UK Finance revealed.

https://uk.finance.yahoo.com/news/purchase-romance-scams-drive-authorised-230100662.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Fraudsters took £580m from Britons during the first six months of 2023, according to a report by banking trade association UK Finance, which urged Big Tech to take more responsibility for online scams.

The group called the issue a “national security threat”, with MPs warning that Britain risks becoming a “safe haven for fraudsters”.

https://www.cityam.com/brits-lose-staggering-580m-to-fraud-in-six-months-as-banks-urge-big-tech-to-do-more/