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Organised crime leads to rise in financial fraud

9th March 2016 Church News.

Fraud targeting financial services in the UK increased by 23 per cent in 2015, with a greater share of fraud perpetrated by organised crime, according to figures from the SIRA fraud prevention and detection database. The share of financial services fraud attributable to organised crime rose from 54 per cent in 2014 to 65 per cent in 2015. Organised crime was also responsible for 45 per cent of insurance claims and 13 per cent of insurance policy fraud.