The Home Office, along with other news organisations, has raised queries as to whether or not the police should always be involved when fraud cases are being investigated. Indeed, it has been suggested that the matter could be dealt with more suitably by the victims’ banks or financial institutions.
As part of the Fraud Act 2006, changes were brought in which require an organisation to put in place certain checks and balances to prevent fraud. In complying with this, it is anticipated that dealing with fraud, particularly in relation to internet banking, will rapidly become more the domain of financial institutions and will, therefore, take less time from police organisations which are often not as well equipped to deal with the issues associated with complex fraud.
Despite the fact that these changes seem to be very commonsensical, there are concerns that, by encouraging consumers not to report fraud to the police, there could be an acceptance of fraudulent activity, as fewer individuals undertaking fraudulent activity would be identified and brought to rights.
Potential practical outcomes of this new provision in the Fraud Act are discussed alongside the pros and cons of the new provisions.
Read more by clicking Fraud Victims told not to bother Police