BCL partner John Binns has been quoted in Financial
Accountant's article 'Stop fraud spreading' discussing
increased fraud risks during the Coronavirus pandemic.
Here's an extract from the article:
The economy may be stalling as a result of the pandemic but
it's a buoyant time for criminals as they look to exploit the
crisis for financial gain. For accountants and their clients,
the pandemic serves as a reminder of the need to be ever vigilant
in the face of growing fraud risk.
According to the most recent Financial Cost of Fraud report
published by accountancy firm Crowe alongside Portsmouth
University's Centre for Counter Fraud Studies, conservative
estimates indicate that UK fraud losses alone equate to
£130bn each year.
