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    UK fraud hits 15-year high with value of 2bn.

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    papa_umau
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    UK fraud hits 15-year high with value of 2bn.

    Post by papa_umau on Mon 25 Jun 2018, 10:57 am

    Financial sector sees biggest rise with reported cases almost doubling, report finds.

    The value of UK fraud hit a 15-year high of 2.11bn in 2017 as more companies made it a priority to tackle wrongdoing, according to a new study.Accountancy firm BDO examined reported fraud cases worth more than 50,000 and found that the total number rose to 577 in 2017, compared with 212 in 2003.

    The average amount stolen in each incident rose to 3.66m, up from 1.5m in 2003.The biggest rise was in the financial services industry, where the total value of fraud rose to 899.7m last year, compared with 214.9m in 2016.

    Numbers of reported cases almost doubled to 100 last year, compared with 58 in 2016.

    Read on from The Financial Times HERE




    Well, there you have it folks; when moving money around or buying money-deals it is very wise to look before you leap.


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    zathrus
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    Re: UK fraud hits 15-year high with value of 2bn.

    Post by zathrus on Thu 28 Jun 2018, 11:39 am

    This is a look at fraud from the view of the Financial Sector.

    It is interesting to get a view from the inside now and again.
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    papa_umau
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    Re: UK fraud hits 15-year high with value of 2bn.

    Post by papa_umau on Fri 29 Jun 2018, 11:31 am

    I agree wholeheartedly Zathrus.


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    Angie baby
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    Re: UK fraud hits 15-year high with value of 2bn.

    Post by Angie baby on Sat 30 Jun 2018, 11:48 am

    I too often take a look at the online Financial Times, as I see it, they are the experts as far as money is concerned.

    The trouble is that the only free online edition is the weekend one.

    Also, it might be interesting that this tome is Japanese owned.

    Find the weekend edition here: https://aboutus.ft.com/en-gb/ft-weekend-open-minds/?segmentId=78c7684e-3be3-006e-98e0-e0b5ab28bd3d&ds_rl=1253542&gclid=EAIaIQobChMI59qgyZv72wIVWPhRCh0TVgETEAAYASAEEgJnY_D_BwE
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    papa_umau
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    Re: UK fraud hits 15-year high with value of 2bn.

    Post by papa_umau on Sun 01 Jul 2018, 11:15 am

    Yes, and the free weekend one is a very shortened version.

    Every page of the Financial Times that you will visit online will try to pressurise you to take out a subscription.


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