Fraud Intelligence

European Union (EU) customs and market surveillance authorities intercepted 112 million counterfeit goods valued at €3.8 billion (US$4.4 billion) in 2024, the second-highest haul on record, according to the latest report from the European Commission and the European Union Intellectual Property Office (EUIPO).

British campaign group Spotlight on Corruption is warning that "serious gaps remain" in the fight to drive up standards in public life after the UK's 13 October launch of the Ethics and Integrity Commission (EIC).

The European Banking Authority (EBA) is warning about fraud risks from the growing practice of 'white labelling', where a financial institution provides services, such as payment cards or loans, under a partner's brand.

Opportunities to profit illegally from trade through false representation of goods shipped and identities of handlers en route, as well by diversion strategies, are many and varied. Electronic bills of lading are a major advance in logistics integrity, finds Keith Nuthall, but adoption as standard is over the horizon.

Fraud is increasing in Britain, according to the latest half-year fraud report from banking trade association UK Finance.