Peters & Peters

‘Govt’s fraud strategy welcomed but resources boost is crucial to success’

Fraud now accounts for 40% of all crime and, in May, the government published its national fraud strategy – the latest official document attempting to address this epidemic.

The ambition is for fraud to be reduced by 10% by December 2024 on 2019 levels, by “tackling fraudsters head on, protecting the British people’s hard-earned cash from criminals and putting more fraudsters behind bars”.

In this article for FT Adviser, Nick Vamos, discusses the proposals, including replacing Action Fraud, creating a national fraud squat, plans to bring more fraudsters to court, or expanding the use of the US-UK Data Access Agreement, and asks whether the plans make sense and, if so, whether proper funding will be available.