Identity Theft, Information Security Policies and the Fraud Act 2006 are some of the issues affecting the sector

Our fraud and forensic group has a deep understanding of the importance of fraud prevention, detection and the recovery of assets that are the product of this crime. 

Fraud: The Issue
Corporate Fraud and Identity Theft have become a huge economic problem, costing the UK economy billions of pounds a year, the equivalent of several hundred pounds per person.  Organisations and individuals continue to fail to address the problem, making it easy for criminals to steal funds, bank details, pin numbers and personal identities. Incidences of these crimes have increased in recent years but many people still only take notice of this problem when it is too late. They need to protect themselves against this risk to ensure that the crime doesn’t take place in the first instance.

There is also the secondary issue of what action should be taken if a fraud is suspected or worse still, has taken place and you or an organisation you represent has become a victim of this crime.  What measures should you implement, how do you go about finding out who perpetrated the crime and how do you recover the lost funds?

Our Solutions
Members of our Fraud & Forensic Group provide organisations with counter fraud solutions in terms of prevention, detection, asset tracing and the recovery of funds that are tailored to your requirements. Our experts have many years experience and are renowned in their fields. They work with and are members of many high profile boards and committee’s.

Dr Stephen Hill,  Head of our Fraud & Forensic Group but also the eCrime & Fraud Manager is a Director and Trustee of the ICAEW Fraud Advisory Panel and Associate of the Association of Certified Fraud Examiners, and Mark Kinsella (Counter Fraud Specialist) is a qualified Local Counter Fraud Specialist.

We provide a wide range of counter fraud services in many different sectors.  Below is a summary of these services.

Fraud Prevention and Detection:

• IT systems review
• Cybercime and corporate fraud prevention training
• Risk Management
• Fraud response plans (management policy and procedure design)
• Fraud health checks
• Investigations in accordance with the Police and Criminal Act (PACE)
• Surveillance under the Regulatory Investigatory Powers Act (RIPA)  

Asset Tracing & Recovery of Funds:

• Obtaining and implementing worldwide freezing orders
• Recovery of funds in the UK and overseas jurisdictions
• Computer seizure and investigation
• Innovative use of insolvency procedures to gain control of assets
• Restraint and confiscation of the assets of criminals
• Preparing reports on the provenance of assets, used in subsequent civil recovery actions
• Presenting evidence in court

What this means
Chantrey Vellacott DFK has the specialist knowledge and expertise to provide solutions to the fraud issues your organisation (or an organisation you represent) may be facing.  If you would like to know more, are concerned about your degree of risk, suspect a fraud has taken place or have fallen a victim of this crime, please contact one of our specialist advisors.