Annual Fraud Indicator

The National Fraud Office has published it Annual Fraud Indicator, which includes key findings related the charitable sector.

  • Fraud against the charity sector is estimated to cost registered charities across Great Britain £147.3 million.
  • Almost 10 percent of the charities that responded to the survey indicated that they had identified fraud in the last financial year (2011/12), with the most common types cited as payment/banking fraud (47 percent), accounting fraud (14.8 percent) and identity fraud (14.1 percent)
  • 70.7 percent of victims experienced fraud externally, whilst 31.3 percent suffered internal fraud.

To download the Annual Fraud Indicator visit www.gov.uk/government/uploads/system/uploads/attachment_data/file/206552/nfa-annual-fraud-indicator-2013.pdf.