Home Office publishes fraud strategy

The Government has announced the creation of a new National Fraud Squad as part of the Fraud Strategy. The strategy includes:

• new measures to ban cold calls on all financial products;
• working with Ofcom to further clamp down on number spoofing;
• banning devices used to reach thousands of people at ones;
• a review of mass texting services;
• a new system to replace Action Fraud;
• allowing banks to delay payment processing to allow for suspicious payments to be investigated; and
• an independent review of the challenges in investigating and prosecuting fraud.