Posts Tagged ‘Fraud’

Warning to organisations in Wales of increasing fraud risks

Posted on: April 9th, 2012 by SarahCase No Comments
Sarah Case, Director, MHA Broomfield Alexander

Sarah Case, Director, MHA Broomfield Alexander

Companies and charities operating in Wales are being warned that they are particularly vulnerable to fraud as the faltering economy creates a combination of more desperate people and less secure organisations.

With the UK losing a staggering £38bn a year through fraud, an increase in the number of high-profile fraud cases, and a recent report which reveals that charities are foregoing 2.4 per cent of their income to fraudsters, organisations in Wales are likely to be particularly prone to becoming the victims of fraud.

The propensity of the would-be fraudster to commit their crime is largely dependent on both their motive and the existence of opportunity,

As unemployment, rates of taxation, inflation and other factors that put pressure on disposable income all rise, so to does the motivation to commit fraud.


Charities will be asked to take part in fraud survey

Posted on: October 27th, 2010 by SarahCase
Sarah Case, Director, MHA Broomfield Alexander

Sarah Case, Director, MHA Broomfield Alexander

The National Fraud Authority will invite 10,000 charities to take part in a survey that will attempt to discover how much fraud takes place in the sector. The survey results will form the basis for the NFAs second Annual Fraud Indicator, a measure of all fraud in UK business, to be published early in 2011.

The NFA produced estimates last year suggesting that £32.2m was lost to fraud in the sector, based on data available at the time, but it believes that figure is too low.

Catherine Hayes, research and analysis manager at the NFA, said: “The NFA is conducting this survey among 10,000 charities of all sizes and across many sectors to allow us to get a better picture of how big an issue fraud is for charities.

“The more we understand this problem, the more we can do to help charities protect themselves better.”

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