Guide to Financial Crime and Fraud Prevention
Description:
A guide to financial crime and fraud prevention.
Document last updated October 2011
Abstract:
The National Fraud Authority believes that the cost of fraud is in the region of £30 bn per year in the UK alone. This figure equates to £621 per adult! The actual figure could, in fact, be much higher as these figures rely only on those crimes/frauds which are actually reported.
So, what is financial crime and fraud? Financial crimes are defined as crimes against property, involving the unlawful conversion of the ownership of property to one’s own personal use and benefit.
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