Charity Commission strategy on combating fraud

The Charity Commission is calling for charities to better protect themselves against fraud and financial crime

This is in response to the National Fraud Authority's (NFA) Annual Fraud Indicator 2012, which shows that charities estimate that they lose 1.7 per cent of their annual income to fraud, the most common areas being payment fraud, fraud by employees or volunteers and cyber fraud.

The Charity Commission's new strategy for dealing with fraud, financial crime and financial abuse states that its aim 'is to prevent problems from occurring in the first place by alerting charities to the risks of fraud and financial crime and by providing online guidance to help them to manage these risks’.

The Charity Commission has also produced a compliance toolkit, Fighting Fraud Together, to help charities manage the risk of fraud.

For further information, visit the 'Related links' section on this page.