In this video, fraud expert David Morrow talks about why the UK has not reduced the very high levels of fraudulent traffic terminating in the country.
The Proceeds of Crime Act (POCA) lets UK authorities seize the profits of fraud, but data shows it was used only twice in 3 years.
Figures from police and prosecutors help to explain why the UK has a serious problem with telco fraud.
The Risk & Assurance Group has been busy encouraging the prevention of fraud. Two prominent British anti-fraud organizations were invited to reach out to members.
Dave Morrow believes the UK police underestimate the scale of telecoms fraud.
The UK could set a global precedent by using the Proceeds of Crime Act to confiscate money made from telecoms fraud, but only if telcos show their support.
We can stop fraud by using the law to confiscate proceeds. Join our campaign to make full use of the UK Proceeds of Crime Act (POCA) and set a precedent that other nations could follow.