On Aug. 3, UK GVT confirmed launch of Public Sector Fraud Authority.
UK GVT launched new authority to hunt down fraud committed against public purse.
Has been set target of identifying £180mn fraud benefits in its first 12 months.
This will be delivered in part by finding/recovering fraud re Covid bounce back loans.
Follows UK GVT Apr. 2022 unveiled new Public Sector Fraud Authority, see #136345.
Fraud Authority
Made up of counter fraud and data experts, using best-in-class tools and advanced analytics to help government departments and public bodies protect public money.
A cross-sector advisory panel will provide strategic advice, help shape the strategic approach to public sector fraud prevention/reduction, chair announced Sep. 2022.
Authority backed by £25mn new funding, will modernize UK GVT's counter fraud response by agreeing ambitious counter fraud plans and regularly reviewing progress.
Directly briefing cabinet ministers, providing expert support about fraud risks faced and helping departments/public bodies design and test defenses against these risks.
Will build a new National Counter Fraud Data Analytics Service to provide advanced data capabilities, such as social network analysis, to surface, fight and prevent fraud.
Enhance use of fraud intelligence across public sector to combat specific threats.
