ACAMS UK Chapter: Are we ready for the rising tide of Fraud?

noviembre 25, 2021
London
1 ACAMS Credit

Event Schedule

Registration Opens: 6.30pm GMT
Presentations Start: 7pm GMT
Presentation Ends: 8.15pm GMT
Networking until: 9.15pm GMT

Overview

This event will also mark the 10-Year Anniversary of the ACAMS UK Chapter!

 

The Royal United Services Institute (RUSI) recently warned that fraud is a national security threat due to the increase in fraud and the links between fraud, organised crime and terror offences.

 

The pandemic has allowed fraudsters to take advantage of customer vulnerabilities by using increases in online shopping and fear and uncertainty over COVID 19 with scams including fake couriers and NHS contacts. Fraudsters have also taken advantage of the government loan schemes set up at pace to support individuals and businesses according to the Public Accounts Committee.

 

The Department for Business (BEIS) estimates the Bounce Back Loan Scheme could cost the taxpayer £27 billion in fraud or credit losses, The UK Finance 2021 Half Year Fraud Update disclosed that in H1 2021 criminals stole £754m through fraud which was an increase of over 30% compared to losses in the same period in 2021. This increase is driven in part by an increase in Automated Push Payment Fraud which represented 38% of fraud losses amongst UK Finance members in 2020.

 

To consider whether we are ready to address this rising tide of fraud, join our panel of senior industry experts to discuss:

  • Fraud trends and its victims
  • The role of, and challenges faced by, financial institutions, law enforcement and the courts
  • Fraud prevention: Information sharing, systems and training
  • The impact on society and the financial crime prevention infrastructure

Sponsor

Credits

1 ACAMS Credit and Certificate of participation will be provided to all attendees for this in-person event.