Why is it important to tackle fraud?

Fraud is not a victimless crime

People often think that fraud is a victimless crime, but it affects everyone - not just banks and financial institutions. Anyone who is a victim of fraud knows only too well the inconvenience and distress it causes. In extreme cases innocent individuals may lose livelihoods or life savings. Fraud, along with other types of financial crime may be committed by organised criminals who could also be involved in crimes such as drug trafficking and terrorism that affect the country as a whole.

• Fraud prevention measures

• Identity theft

• Internet fraud

• Scams