The Association of Chief Police Officers (ACPO) has released on a restricted basis a report into mortgage fraud in the UK entitled ‘Safe as Houses? Organised Mortgage Fraud in the UK’.

Costing the UK billions of pounds per year, mortgage and property fraud is rapidly overtaking other types of fraud. The report identifies the main themes found in mortgage fraud which are  faced by lenders and provides advice on counter fraud strategies.

Based on Risk Advisory's experience in investigating some of the largest mortgage and property frauds in support of both civil and criminal process, ACPO asked Risk Advisory to contribute to the report.

Marcus McCaffrey, Head of Investigations and Assurance at Risk Advisory said:

"The report is a welcome development for the UK lending industry helping it to understand the nature and scale of organised mortgage fraud in the UK. Lenders and insurers need to remain vigilant to the methods criminal networks use to compromise corporate control environments. Although law enforcement agencies remain actively engaged in frustrating economic crim, their resources are limited and companies should remember that the police mandate does not extend to assistance in the civil investigations and recovery process". 

The report is currently restricted to stakeholders although more information on lending and property fraud can be obtained by contacting Marcus McCaffrey at marcus.mccaffrey@riskadvisory.net or by calling 020 7578 0000.