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Expert comment on UK Finance fraud report
29 June 2022
Martin Cheek, managing director at SmartSearch, said: “We support Finance UK’s call for cross-sector action to tackle online scammers.
“Behind these miserable crimes, which often exploit the most vulnerable, are criminals who have been able to able to hide their identities and move stolen money.
“As scammers use ever-more sophisticated ways to steal and launder cash, these findings are yet another indication that robust electronic verification checks are the quickest and most effective way for the organisations these criminals exploit to manage their risks and – most importantly – to protect their customers.”
