The mandatory reporting of fraud: Finding solutions and sharing best practice – Telecommunications UK Fraud Forum

The mandatory reporting of fraud: Finding solutions and sharing best practice

David Clarke, Chairman of the Fraud Advisory Panel, said:

“Fraud is the UK’s most common crime and costs our economy billions a year, but there is no legal requirement for businesses in England and Wales to report a fraud to law enforcement. We need to raise our collective game very substantially to meet the enormous challenge that fraud poses, and this will require key changes, including the possibility of mandatory fraud reporting.

This report is an important first step in the debate about how mandatory reporting could work and we will continue to engage with those working in fraud protection to find effective ways to tackle this problem.”

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