Financial fraud within families is the 'elephant in the room'

‘Time to address the elephant in the room’

Julia Bahr
clock • 5 min read

The All Party Parliamentary Group (APPG) on Insurance and Financial Services and the Financial Vulnerability Taskforce (FVT) have launched a new report – ‘Theft and fraud within families’, which suggested fraud can often happen a lot closer to home.

The report aimed to address the lack of awareness and research about the issue and called upon all parties with a vested interest in personal finance to take action, so that the issue of fraud and theft within families can be better understood in terms of scale, type and impact. APPG said doing so would help the profession provide more effective advice, support and measures to prevent this type of crime. The report said there is now a much clearer idea of the scale and impact of organised crime and individual criminals in terms of committing fraud and scams than there has been in the ...

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