Money Fraud Costs Billions
Published / Last Updated on 26/01/2011
Money Fraud Costs Billions.
According to the National Fraud Authority (NFA), fraud costs the financial services industry £3.6bn per year, a slight decrease from last year’s figure, which the NFA believes is due to better fraud prevention methods being implemented.
Small businesses lose £780m a year to fraud. In total, fraud costs the UK £38bn per year, of which £21bn is lost to the public sector and £12bn to the private sector.
Need An Adviser Links: Members ¦ Financial Advice ¦ Retirement ¦ Legal ¦ Tax ¦ Insure Invest ¦ Shop ¦ International
Other Links: Home Page ¦ Contact us ¦ Book Callback ¦ Free Consultation ¦ Newsletter ¦ Money MOT ¦ Discounts ¦ News
