In Conversation With… Lord Vaux and Martin Wolf

The UK Fraud Strategy and where next?

Following the launch of the UK Government’s new Fraud Strategy, SWFF Chair James Gliddon sat down with Lord Vaux and Martin Wolf CBE.

The discussion considered the Strategy and fraud response in the UK more generally given:

• Lord Vaux’s attempt to amend the Crime and Policing Bill, which would have required Government to report on technology and telecommunications firms owing a duty of care and being jointly liable along with banks in fraud prevention and victim reimbursement; and
• Martin’s recent article “We have to be able to hold tech platforms accountable for fraud” built on his own experiences with being a victim of identity fraud on social media.

The below clips feature the key questions that James asked, and the insights and answers which followed.

 

Introduction to conversation with Lord Vaux and Martin Wolf

 

Does the UK Fraud Strategy give confidence to victims of fraud originating online?

 

Proposing an Amendment to the Crime and Policing Bill

 

How do those in the fraud sector keep issues on the radar and push policy and law makers to go further?

 

How might the UK approach differ from the US in light of recent litigation?

 

Following the APP Fraud Reimbursement Scheme and the Industry Accord that was signed at the UN Global Fraud Summit in Vienna, do voluntary approaches help in encouraging a greater response to fraud?

 

Does the APP Fraud Reimbursement Scheme offer any lessons on voluntary versus compulsory schemes?

 

Do businesses, in some instances, welcome regulation?

 

Overall reflections from Martin Wolf on the level of fraud in the current economic landscape

 

Overall reflections from Lord Vaux on the future of fraud policy and legislation

 

Conclusion to conversation with Lord Vaux and Martin Wolf and the role of the UK’s Fraud Forums