£1.6m fraud investigation and Help to Buy
Money Box
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Combatting Fraud and Banks' Role
This chapter discusses the primary goal of disrupting fraudulent activities and how conviction alone is not enough. It highlights the role of banks in enabling fraud through account openings, failure to detect unusual transfers, and facilitating money laundering. The chapter also mentions ongoing discussions with banks to combat fraud and the financial impact on banks through the contingent reimbursement model.
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