• About the FSA
  • What we do
    • Fighting financial crime
      • Fraud
        • Key issues
        • Key resources for practitioners
        • Fraud library

 

Fraud is a type of financial crime that has an effect on all parts of the economy. It commonly involves the perpetrator making personal gains or avoiding losses through the deception of others.

Fraud can take a variety of forms including phishing, skimming, carousel fraud, identity theft and advance fee fraud. It falls within the FSA's statutory objective of reducing the risk of financial crime and also impacts on our consumer protection objectives.

" The FSA seeks to work with the grain of the market, encouraging data sharing, forming partnerships and promoting good practice to ensure that the UK's anti-fraud regime is effective and gives good value for money."

Philip Robinson, Financial Crime Sector Leader