Fraud Intelligence

Leading UK banking, telecoms and tech companies have joined forces in a new intelligence-sharing scheme under established industry anti-fraud initiative 'Stop Scams UK'.

Britain's corporate registry, Companies House, has only managed to collect around 2% of fines meted out for falsifying entries, such as fake names or businesses and their owners, since October 2024.

The UK has secured its first ever Interpol Silver Notice, a global order to seize the proceeds of crime. Its target is tracing and recovering UK£8.5 million (US$10.3 million) in criminal assets of convicted fraudster, Anopkumar Maudhoo.

The Fraud Act 2006 may have set out specific offences but it also retained the much broader common law conspiracy to defraud, which tips the scales, argues Nick Barnard of Corker Binning.