Resource Library

Businesses are now able to quickly and easily identify people and entities to have been sanctioned under the Anti-Money Laundering Act 2018. The UK Sanctions List can now be searched online, supporting companies with their process for conducting due diligence.

Fraud accounts for around 40% of all crime in England and Wales, with an estimated 3.2 million offences each year and an estimated cost of fraud to society of £6.8 billion in England and Wales.

Corporate fraud is on the rise. Rental and lease companies are seeing corporate customer accounts being used fraudulently to obtain vehicles, which are then stolen.

Over half a million vehicles have been found for sale online while already having live finance agreements in place. Commonly known as ‘Wrongful Conversion’ or ‘Conversion Fraud’, the practice sees vehicles bought and sold when there is no legal grounding to do so.

In the latest BVRLA blog, Alistair Warden, Managing Director, Corporate Motor at associate member and self-drive hire specialist Towergate Insurance explains how Towergate are partnering with fellow BVRLA associate member Synectics Solutions to give access to National SIRA checks and help the self-drive hire industry fight fraud.

Members are recommended to make their customers aware of a new type of ‘crash for cash’ scam. The activity involves mopeds being deliberately driven at oncoming traffic, which is spreading in London and could start happening in other parts of the county.

The Financial Ombudsman Service (FOS) has published its annual complaints data (FY 2022-23), showing a small year-on-year increase in number of complaints handled.

Members who could not attend the recent Industry Outlook webinar, taking a detailed look at fraud, theft and asset protection can now view the webinar online.

The next Industry Outlook webinar will look at how members can protect themselves against fraud and theft, with risks expected to increase as cost pressures on UK households continue.

Gary Billingham from fraud prevention organisation, Cifas, has joined the BVRLA blogging community to raise awareness of how fraudsters are targeting the vehicle rental and leasing sectors.

Gary Billingham from fraud prevention organisation, Cifas, explains how a fraud ring used identity fraud across multiple services to obtain leased and rental vehicles. In his blog he provides tips to help organisations protect their vehicle assets.

Government plans for measures to tackle the high number and cost of whiplash claims have been delayed until August 2020.