Source · Select Committees · Justice Committee
Recommendation 16
16
Accepted
Preventing fraud should be paramount, alongside maximising asset recovery for victims.
Conclusion
We are wary of placing too great an emphasis on the compensation of victims. We do not want to give criminals carte blanche to commit their crimes just because victims can be reimbursed, since their crimes will continue to have a significant financial impact on the UK economy, as well as millions of banking customers, even if these losses are not borne by the defrauded individuals directly. The main focus should be on ensuring these crimes are prevented where possible; however, Fraud and the Justice System 39 maximising the recovery of assets for victim compensation should be a priority for investigatory bodies once they become aware of a crime having taken place. (Paragraph 57) Investigating Fraud
Government Response Summary
The government agreed on the importance of further charters and committed to the Home Office launching a tech and online charter with industry next year to drive down fraud and improve collaborative working.
Government Response
Accepted
HM Government
Accepted
The Government agrees with the recommendation of the Committee that further charters, including with social media and tech companies, are an important programme of work. The Home Office is intending to launch a tech and online charter with industry, next year, which will include public and private actions that will drive down fraud in these sectors and improve collaborative working. The Government will outline its approach to future charters in its upcoming Fraud Strategy. Disrupting and Preventing Fraud 1.3