Money Box Live: Fighting Fraud and Scams
Money Box
BBC
4.2 • 825 Ratings
🗓️ 14 December 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
With hundreds of thousands of victims and billions of pounds stolen every year, the UK continues to be in the grip of a fraud epidemic. We'll discuss the conclusions of a House of Lords report, which describes how police, telecoms, tech and banking sectors must do more.
We hear from victims of fraud and we speak to experts Kathryn Westmore, Senior Research Fellow at the Centre of Financial Crime and Security at RUSI, and Katy Worobec, Managing Director of Economic Crime at UK Finance.
Presenter: Dan Whitworth Producer: Amber Mehmood Editor: Jess Quayle
(First broadcast 3pm Wednesday 16th November, 2022)
Transcript
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| 0:00.0 | On a winter's night in 1974, a crime took place that would obsess the nation. |
| 0:07.0 | It was an extraordinary news story. |
| 0:09.0 | The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny, |
| 0:14.0 | mistaking her for his wife, then somehow just disappeared. |
| 0:18.0 | One of the great mysteries in English criminal history. We're still looking for |
| 0:21.7 | Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman. |
| 0:27.4 | This is The Lucan Obsession. Listen on BBC Sounds. |
| 0:32.8 | BBC Sounds, music, radio, podcasts. |
| 0:36.6 | Hello and welcome to this podcast of Moneybox Live, the program about your money. |
| 0:41.7 | Today, the UK has retreated from the fight against fraud, damning evidence that's part of a key |
| 0:47.8 | report from a House of Lords Committee called Fighting Fraud, Breaking the Chain, published |
| 0:52.9 | just a few days ago. It made six key recommendations, |
| 0:56.6 | among them, introducing delays in high-value bank transfers, a clearer structure of how fraud |
| 1:02.1 | should be tackled by the authorities, and a new corporate criminal offence of failing to prevent |
| 1:07.3 | fraud. Baroness Morgan chaired the committee. One of the reasons that we've called our report |
| 1:12.0 | breaking the fraud chain |
| 1:13.5 | is because there is a whole chain |
| 1:15.2 | of events and actors |
| 1:16.8 | from the initial text message |
| 1:19.2 | or WhatsApp message. |
| 1:21.0 | Then you enter into contact with these fraudsters |
| 1:23.4 | who then often coach you into what to say |
... |
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