The theme of the FSA’s latest financial crime newsletter is one of collaboration. In July the FSA revealed a series of initiatives that are being put into place to tackle the growing problem of mortgage fraud. It’s a programme that requires close cooperation with regulators, law enforcement, firms and the newly established National Fraud Strategic Authority.

The NFSA aims to coordinate the public and private sectors effort to make the UK a hostile environment for fraudsters. This is of particular importance at a time when firms believe that financial crime is on the increase, as shown in the results of this year’s financial crime perception survey, which also attempts to measure how successful we are in tackling financial crime.

One of the key findings of the survey was the need for a greater focus on small firms, to ensure that they are adequately equipped to cope with the threat of financial crime to their business. In current conditions it is vital that companies are alert to the dangers of financial crime and are able to protect their revenue streams.

Articles on the following subjects are included in the Newsletter:

- Share scams: raising consumer awareness
- Tackling mortgage fraud
- Stakeholder perceptions survey
- Small firms project update
- Data security: customer communications; and
- Other news in brief.

Please click here to read the Newsletter (96KB)