FCA's framework for effective fraud prevention measures

Andrea Bowe, director of the specialist directorate spoke on how the FCA and firms can work together to implement effective anti-fraud measures

Highlights include:

• Collaboration between regulators, law enforcement, Government and industry are key to tackling fraud;
• Partnerships in which firms and regulators are able to exchange ideas, lessons learnt, data, and intelligence will mean that all parties are able to stay aware of evolving fraud risks and vulnerabilities; and
• Addressing money mule activity is a specific focus area in which partnerships have the ability to disrupt activity and reduce the flow of fraudulent money.

Firms can review the FCA speech to gain insights into the objectives and expectations of the regulator, which may have operational implications.

Learn more about Plenitude’s Fraud Practice and how we are helping clients combat fraud whilst reducing losses and operational costs.

https://www.plenitudeconsulting.com/services/fraud-practice