The common denominator that remains constant throughout the fight against fraud is the need for us all in the counter-fraud community to work together to defeat this pervasive threat to the economic well-being of our nation, our people and our companies.
London (PRWEB UK) 29 September 2015
According to figures released in BDO’s latest Fraudtrack report, the total value of reported fraud across the UK between December 2014 and May 2015 was £798m - an increase of nearly £80m on the same period last year. The average cost per fraud was £3.27m, almost double the £1.82m of 12 months ago.
Although fraud continues to be big business, the London Fraud Forum chairman Rob Brooker points to the number of initiatives being undertaken by the industry to change perceptions and attitudes towards fraud and its enablers. He emphasises the importance of co-operation: “the common denominator that remains constant throughout the fight against fraud is the need for us all in the counter-fraud community to work together to defeat this pervasive threat to the economic well-being of our nation, our people and our companies.”
Delegates at the conference will hear updates on the latest trends in fraud and financial crime and also in the tools and methods of prevention, detection and investigation. Speakers include representatives of the Cabinet Office, City of London Police, Transparency International and the Information Commissioner’s Office.
The keynote speaker at this year’s event is Paul Kimmage, who represented Ireland in cycling at the 1984 Los Angeles Olympics and completed his first Tour de France in 1986. His 1990 book Rough Ride was the first to draw attention to the widespread use of performance-enhancing drugs in cycling. As a journalist he has continued to campaign against doping in the sport, and he was instrumental in exposing Lance Armstrong as a fraud. Paul will tell his story, and explore the relevance of whistleblowing to all types of organisation.
The attendance fee for the conference includes a year’s membership of the London Fraud Forum, which also runs workshops and masterclasses for its members throughout the year.
Notes to editor
The London Fraud Forum is a not-for-profit organisation which was established in 2006. Its aim is to promote fraud awareness and successful fraud prevention strategies across both public and private sector regions. The organisation works towards creating a culture of transparency between organisations, with better flows of information and open discussion, to achieve an open, anti-fraud culture and promote more widespread understanding and better sharing of ideas. It has around 250 members from within the London region and outside and from a wide range of companies and organisations across both private and public sectors. For more information please visit http://www.londonfraudforum.co.uk.