Fraud Risk Consulting

Tag: Telecoms

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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The Billion Dollar Risk

How much will you lose in a big telecoms fraud?  You may reasonably point out that ‘big’ is relative to the size of the company but for the sake of discussion, let’s say the question relates to the whole industry.  So, how big is ‘big’?  I’m thinking in round numbers here, but I’d say $1m is big, but not exceptional.  $10m is big and $100m is exceptional, almost unique.  So do you think you have a billion dollar risk from telecoms fraud?

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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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MTIC fraud – 73 million reasons why its fallen off a cliff

Find out why MTIC fraud risks have increased for European TelCos.

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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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AI is the Future of Fraud Management – are you onboard?

This article examines the opportunities and potential threats introduced by Artificial Intelligence (AI)- will you be ready when the bad guys get bots?

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Telecoms MTIC – the Taxman is coming to a network near you …

Missing Trader VAT Fraud cost one European operator €400m – find out how to protect your business against Telecoms MTIC (Missing Trader Intra Community) Fraud.

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