15th Aug 2013 SOCA Estimate Insurance Fraud at 350 million per year Share Organised insurance fraud is a growing fraud threat. It’s estimated that organised motor insurance fraud costs the UK £350 million a year.The Insurance Fraud Bureau was set up in 2006 in conjunction with the industry to work with law enforcement to combat organised insurance fraud. For information on this and access to their ‘cheatline’, an anonymous way of reporting this fraud, see the links below.Read More by SmartSearch See more articles by SmartSearch Share post See our other popular articles 18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch 14th Feb 2023 ‘Failure to prevent’ fraud, false accounting or money laundering could soon be a punishable offence by SmartSearch 2nd Feb 2023 SmartSearch COO named Technology Businesswoman of the Year at national award by SmartSearch See more
18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch
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