Big businesses have nine months to implement fraud prevention procedures, with the Serious Fraud Office director warning that “time is now running short for corporations to get their house in order”.

Today, the Home Office published its guidelines on the offence of failure to prevent fraud.

https://www.cityam.com/get-your-house-in-order-says-sfo-boss-as-corporate-fraud-countdown-begins/

Action Fraud, the National Fraud & Cyber Crime Reporting Centre, is reminding people that if they have been contacted out of the blue about their pension, it is probably a scam.

In 2023, there were 559 reports of pension fraud with over £17.7 million lost. The average loss per person was £46,959.

https://crimestoppers-uk.org/news-campaigns/news/2024/nov/3-tips-to-protect-yourself-from-pension-fraud

In this series, CSW provides a guide to professions and functions across the civil service. Each briefing looks at a different group, offering a glimpse at what they do and how they work with other parts of government.

What do they do? Currently, the majority of officials working in counter fraud are investigators. However, since the launch of the profession in 2018, new pathways have been developed, supported by learning and development programmes, in areas such as assessment, measurement and leadership.

https://www.civilserviceworld.com//in-depth/article/a-guide-to-the-counterfraud-profession-and-function

A new partnership has been announced to recruit, train and develop exceptional new detectives, dedicated to protecting the nation from economic crime – including fraud and cybercrime.

This new stream of Police Now’s National Detective Programme will pilot in March 2025 in the City of London Police, the national lead police force for this specialist area of policing.

https://emergencyservicestimes.com/2024/11/05/new-graduate-training-partnership-to-tackle-fraud-and-economic-crime/

UK authorities tasked with preventing fraud "seem not to care" about the people caught up by the fraud, MPs have been told.

At a summit held by the all-party parliamentary group on investment fraud and fairer financial services yesterday (October 31) in Portcullis House, Margaret Snowdon OBE was scathing about the lack of joined-up thinking between various UK authorities and a lack of co-ordination in pursuing the criminals.

https://www.ftadviser.com/your-industry/2024/11/01/authorities-are-treating-victims-of-fraud-like-criminals-mps-told/

A new car insurance update will crack down on measures that 'increase the cost of premiums for honest drivers'. A crackdown from the Labour Party government will protect motorists, road users and drivers, it is hoped, amid a spate of fraudulent car insurance claims.

The Insurance Fraud Bureau (IFB) is currently investigating an eye watering and staggering 6,000 suspected fraudulent motor insurance claims, which include cash for crash scams. A new insurance fraud charter was announced at the latest Joint Fraud Taskforce with Lord David Hanson, Minister of State at the Home Office with Responsibility for Fraud, saying this week: "Fraud is an appalling crime, and we are determined to crack down on these callous criminals.

https://www.msn.com/en-gb/news/newsbirmingham/new-uk-car-insurance-crackdown-means-honest-drivers-will-be-protected/ar-AA1sTPti?ocid=BingNewsSerp

£110m will fund fraud-and-error hiring drives in both departments, while HMRC also gets £262m for debt-management staff.

The Department for Work and Pensions and HM Revenue of Customs have been allocated nearly £400m in the Budget for more staff to target fraud and error in the benefits system and help close the tax gap.

https://www.civilserviceworld.com//professions/article/dwp-hmrc-budget-counter-fraud-tax-debt-management-staff-funding

A man has been sentenced at Manchester Crown Court to 6 years and 9 months in custody for defrauding elderly customers out of an estimated £958,949. He posed as a bank employee working to investigate fraud, tricking customers into handing over control of their bank.

The sentencing follows an investigation and arrest by specialist banking industry sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU).

The Chancellor has promised a “crackdown” on fraud in the welfare system but the Government’s plan to carry on with benefit reforms previously announced by the Conservatives to save £3 billon has been branded “bitterly disappointing”.

Rachel Reeves said she wants to ensure welfare spending is “more sustainable”.

Labour has previously said fraud and error in the social security system costs the Government almost £10 billion a year.

The Home Office has announced new insurance fraud charter to step up efforts to crack down on fraudsters seeking to manipulate the UK insurance market with bogus claims and duping innocent people into buying fake insurance policies.

In 2023 alone, 84,400 fraudulent claims worth £1.1 billion were detected by the Association of British Insurers (ABI), a 16 per cent increase in the number of detected claims compared to the previous year.

https://policeprofessional.com/news/major-new-crackdown-on-insurance-fraud/