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SFO set for new fraud prevention strategy

The SFO (Serious Fraud Office) has today announced plans to cut the growth in fraud at the very source. Using such strategies as telephone tapping, covert surveillance and mail interception the SFO will be taking a much more proactive strategy as opposed to reactive strategy in the months and years to come.

The office was given more powers in the Regulation of Investigatory Powers Act 2000 although up until now these additional powers have not been used. However the introduction of Richard Alderman as the new head of the SFO has brought about a significant change in tactics. As we have mentioned on the site on numerous occasions, financial fraud has increased dramatically since the recession began with more and people becoming more and more desperate. The announcement that the SFO will be more proactive should stem the growth of criminal groups in the UK and cut dead the growth in so-called "opportunistic fraudsters".

After many years of seemingly failing to protect the UK business and consumer arenas it looks as though the UK could now be a very different place for fraudsters with the SFO set to use the latest technology and legal instruments available to it in order to reduce crime.

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