In total, £90.5m was stolen by foreigners from British accounts, the bulk of
which were overseas fraudulent transactions in the US, where ¬Britons were
robbed of £24.6m.
Martyn Hocking, editor of
Money, said the increase was largely the result of a 77% rise in fraud
carried out while Britons were abroad.
There was a growth of just 5% in fraudulent transactions at home, following
the launch of chip and Pin, Metro.co.uk reports.
This was followed by Italy (£9.6m), Australia (£8.2m), France (£7.3m) and
Plans to tackle criminals defrauding London’s councils have taken a major step forward with the appointment of CIPFA to provide data analytics for the London Counter Fraud Hu
Government services will be decimated if proposed reforms to IR35 in the public sector go ahead, a study has warned
CIPFA and EY form partnership to produce fully compliant accounts for local authorities
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution