Banking and Insurance Fraud
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Bank Fraud
Banking fraud is often referred to as a white-collar crime. Types of offending behaviour include payment card and bank account fraud. Fraud involving the use of payment cards and bank accounts includes; use of another person’s card, cloning another person’s card, taking over or sending instructions relating to another person’s bank or card account, and use of another person’s cheque.
Insurance Fraud
Insurance fraud: fraudulent claims by or against the insurer (claims that are entirely fraudulent and those exaggerated through either claiming for injury, loss, or damage that did not occur, or increasing the value of a genuine claim for injury, loss or damage) and supplier fraud (whereby builders, motor repairers and other trades-people engaged by insurers to repair insured property charge for work they have not completed or inflate the cost of their work).
Obtaining Credit Through Fraud
Obtaining credit through fraud: obtaining credit through fraud includes the fraudulent obtaining of mortgages, loans, interest free credit, in-store credit, goods or services on a ‘buy now pay later’ basis, car finance, credit cards, store cards, and bank accounts.
Barristers at St Pauls Chambers provide legal advice and strategy guidance on all aspects of financial crime including banking and insurance fraud.
