Referendum Vote ‘Created Perfect Ecosystem for Fraud’

From the Independent

The Brexit vote has created the “perfect ecosystem” for fraud despite the cost of the crime falling over the past six months, a report said.

The value of prosecuted fraud eased back to £328m in the first half of the year, down from £385m over the period in 2015, according to auditing firm KPMG’s fraud barometer. But it said Britain’s decision to exit the European Union had created an environment of uncertainty and economic volatility where the crime could flourish, as fraudsters look to “exploit people’s vulnerabilities and confusion about the future”.

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