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Date: April 30, 2024 Tue
Time: 2:12 am
Time: 2:12 am
Results for financial crime (u.k.)
1 results foundAuthor: Great Britain. Audit Commission Title: National Fraud Initiative. National Report, June 2014 Summary: This report focuses on the outcomes from the National Fraud Initiative (NFI), the Audit Commission's data matching exercise to help prevent and detect fraud, overpayment and error. Working in partnership is vital to the success of the NFI. - The NFI involves the public audit agencies in all parts of the UK - the Audit Commission in England works with Audit Scotland, the Auditor General for Wales and the Northern Ireland Audit Office. - The NFI matches data provided by some 1,300 participating organisations from across the public and private sectors against data provided by other participants, and key data sets provided by government departments and other national agencies, to help prevent and detect fraud. - The organisations that participate in the NFI are responsible for following up and investigating the matches, and identifying fraud, overpayment and error. The NFI plays an important role in the fight against fraud. - Since the last report in May 2012 the NFI in England has identified $203 million of fraud, overpayment and error. This is made up of $144 million for 2012/13 and $59 million of outcomes not previously reported from earlier exercises. - The NFI has also identified $26 million of fraud, overpayment and error in Scotland, Wales and Northern Ireland, bringing total outcomes since the last report to $229 million. - For nearly two decades, the NFI has enabled the participants to detect fraud, overpayment and error totalling $1.17 billion. This includes $152 million detected in Scotland, Wales and Northern Ireland. The main categories of fraud identified by the NFI in England relate to: pensions, council tax single person discounts and housing benefit. Since the last report the NFI has found: - $74 million of pension fraud, overpayment and error; - $39 million of fraudulently or wrongly received council tax single person discount; and - $33 million of housing benefit fraud, overpayment and error. The exercise has also produced significant results in England: - 86 properties have been recovered for social housing; - 120 people employed without the right to work in the UK were identified and as a result were dismissed or asked to resign; - 571 people have been prosecuted; - 2,394 false applications have been removed from housing waiting lists; and - 21,396 blue badges and 78,443 concessionary travel passes, identified as invalid, were cancelled. Most public bodies have sound arrangements in place for managing their participation in the NFI and for investigating data matches, but there is scope for improvement. - Some participants do not make best use of the tools within the web application to help them identify high-risk matches linked to local risks. - Some participants could make better use of matches that involve more than one department and use staff resources more efficiently. - Not all participants review the quality of the data submitted to the NFI and do not identify where it can be improved. The Government has a strong focus on tackling fraud, but central government is not fully sharing in the benefits of the NFI. - Although the Audit Commission's audited bodies must participate in the NFI, central government bodies can choose whether to do so. - The Commission are pleased to report that 13 central government departments or arm's length bodies participated in the NFI 2012/13. However, some of these 13 bodies chose to submit only some of the possible datasets, or a sample. - The limited engagement in the NFI to date by central government restricts the opportunity to develop the NFI to target their specific fraud risks. Details: London: Audit Commission, 2014. 45p. Source: Internet Resource: Accessed August 12, 2014 at: http://www.audit-commission.gov.uk/wp-content/uploads/2008/05/NFI-national-report-FINAL-11-June-2014.pdf Year: 2014 Country: United Kingdom URL: http://www.audit-commission.gov.uk/wp-content/uploads/2008/05/NFI-national-report-FINAL-11-June-2014.pdf Shelf Number: 133002 Keywords: Financial Crime (U.K.)Fraud and Corruption |