Fraud & Financial Crime

Financial crime is something that affects us all; be it fraud, laundering the proceeds of people trafficking, drug trafficking and other crimes or the financing of terrorism. It is crucial that we make it as difficult as possible for criminals and terrorists to use the financial system to move or store their funds and other assets or commit fraud. For that reason, all financial institutions (and even some non-financial businesses) are required by law to obtain and keep evidence of the identity of their customers.

There are a number of links on this page that will take you to places on the internet where you can find advice and assistance in relation to protecting yourself against fraud. We have also included links to some materials that explain the rationale behind the obligations placed on financial institutions and forewarn you of the sort of things you may be asked to provide as evidence of your identity.

Fraud prevention

Home Office website on identity theft

This website from the Home Office has information on how to protect yourself from identity fraud and what to do if you think you are a victim. Click here for a Home Office leaflet on how to avoid becoming a victim of identity fraud.

CIFAS: The UK's fraud prevention service

Established in 1988, CIFAS is the UK's Fraud Prevention Service. CIFAS is a not for profit membership association solely dedicated to the prevention of financial crime.

NFSA

The National Fraud Strategic Authority was established on the 1st October 2008 to coordinate activity across the whole economy, private and public sectors, to make the UK a hostile environment for fraudsters. It looks to move the fight against fraud up the agenda by operating with a wider range of partners to create a rigorous, action-led and enforcement supported approach to tackling this crime.

Cardwatch: guidance to debit and credit card holders

Set up by the Association for Payment Clearing Services, Card Watch is the UK banking industry's body that works with police, retailers and organisations including Crimestoppers to fight plastic card fraud.

Financial Services Authority

FSA's consumer website has a Warnings and Alerts section which has information on scams and swindles including identity fraud and fake e-mails. The FSA also has a fact sheet on how to check and prove your identity.

Internet Security

Get Safe Online

A joint initiative between the Government, the National Hi-Tech Crime Unit (part of the National Crime Squad) and private sector sponsors from the technology, retail and finance sectors, "Get Safe Online" aims to raise public awareness of issues relating to internet security and provide information and advice on internet safety.

Proving your identity

FSA fact sheet on checking your identity.

NOTE:

This is a collection of links to the web sites of organisations that have a major presence in the UK and abroad with a web site. Some links may lead to a part of the firm or group located outside the UK, reflecting the global nature of investment business. No specific recommendation or endorsement is given for these sites.