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Preventing fraud should be paramount, alongside maximising asset recovery for victims.
Conclusion
We are wary of placing too great an emphasis on the compensation of victims. We do not want to give criminals carte blanche to commit their crimes just because victims can be reimbursed, since their crimes will continue to have a significant financial impact on the UK economy, as well as millions of banking customers, even if these losses are not borne by the defrauded individuals directly. The main focus should be on ensuring these crimes are prevented where possible; however, Fraud and the Justice System 39 maximising the recovery of assets for victim compensation should be a priority for investigatory bodies once they become aware of a crime having taken place. (Paragraph 57) Investigating Fraud
Government Response
A response document is linked to this report, dated 11 January 2023. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Justice Committee
Inquiry
Fraud and the Justice System
Report
Fourth Report - Fraud and the Justice System
18 Oct 2022
HC 12
Addressee Bodies
Ministry of Justice
Timeline
Recommendation age
3.9 yrs
Report published
18 Oct 2022