Why it’s important
All businesses – large and small – are susceptible to fraud. Catching it early can prevent losses, reputational damage or even business collapse.
Fraud is now the UK’s most common crime, followed by cybercrime.
Fraud and cybercrime are the most disruptive crimes affecting business.
The average business loses about 5% of revenue to staff fraud alone each year.
The Fraud Advisory Panel is the voice of the counter-fraud profession, committed to tackling fraud and financial crime. We champion best practice in fraud prevention, detection and response. We do this through education, advice and research.
Our members come from a wide range of professions and sectors and are united by their determination to counter fraud. We were founded in 1998 by ICAEW which continues to support our work.
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography.
Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.