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Tag: POCA

POCA and Telecoms Crime

For some time I have been highlighting the failure of UK authorities to deal with the proceeds of telecoms crime.  TelCos agree that crime would be reduced if payment didn’t reach the fraudsters, but they don’t have a consistent and effective means of stopping those payments.  POCA (Proceeds of Crime Act 2002) creates powers to seize funds via both civil and criminal courts but UK authorities have failed to make any visible effort to use it.

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UK’s Worrying Open Door to Telecoms Crime

Here’s a quick recap for new readers.  Global telecoms crime is worth USD 38 billion. Money is being laundered and terrorists are being financed. Despite their hard work, the TelCos haven’t been unable to make a significant impact and international frauds continue unchecked. The TelCos agree that crime would be reduced if payment didn’t reach the fraudsters – but, after years of discussion, still can’t agree how to block those payments.

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Using POCA to Fight Telco Fraud

Do you think fraudsters should keep the proceeds of their crimes?  Neither do I – read what you can do about it.

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Fight Fraud and POCA hole in Telecoms Crime

Investigating and prosecuting Telecoms Fraud is not a deterrent – we need to do something different.  Find out how we could use the UK Proceeds of Crime Act (POCA) to fight fraudster and their associates.

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