Counter-fraud

Only 3% of property fraud in the UK is prevented, new figures suggests.

https://uk.movies.yahoo.com/just-3-of-property-fraud-in-the-uk-is-prevented-230015235.html?soc_src=social-sh&soc_trk=tw

People are taking unnecessary risks by carrying several items containing sensitive personal information, according to Equifax.

A global data analytics and advisory firm, Quantzig, has announced the completion of their latest fraud analytics engagement for a leading insurance company. During the course of this engagement, the analytics experts at Quantzig helped a leading insurance services provider based out of the UK to gain much-needed insights into false insurance claims and overcome revenue losses.

https://uk.finance.yahoo.com/news/fraud-analytics-engagement-helped-insurance-155000129.html?soc_src=social-sh&soc_trk=tw

How can businesses combat the sophisticated cybercriminals of the digital age?

https://www.itproportal.com/features/organised-fraud-foiling-the-perfect-crime-with-analytics-and-ai/

HMRC tonight announced a new policy initiative in trying to combat financial crimes which are apparently running rife across the city of London, particularly with young traders and ‘bankers’ increasingly exploited by ‘gangs’ of hedge fund managers, buying and selling ‘commodities’ across so called county lines. Deliveroo appears to be the go to food supplier of these individuals, whose lifestyle choices are placing at risk the most vulnerable members of the population, and government sources suggest that by placing targeted messages on food items, it may deter some ‘traders’ from excessive risk taking behaviour.

http://www.newsbiscuit.com/2019/08/17/deliveroo-boxes-to-deter-bankers-from-tax-fraud/

The financial regulator has agreed to delay new rules on online payments for 18 months after industry bodies called for more time to adapt to the changes.

Marc McAuley, Counter Fraud Services Lead at CIPFA, discusses the issue of cross-border fraud and the implications Brexit may have on it.

Over the last 12 months we have seen a significant increase in queries on whistleblowing in the workplace. It seems that more and more individuals are "blowing the whistle" and claiming they have been dismissed or suffered a detriment for having done so.

http://www.mondaq.com/uk/x/836462/Whistleblowing/Whistleblowing+In+The+Workplace+Learning+Points+For+HR+Part+1

The fraud watchdog has told firms they will need to go “above and beyond what the law requires” if they want to co-operate with its investigations.

For too long companies have turned a blind eye to corporate travel and subsistence fraud, but there are solutions to make processes more efficient and secure