WhenThursday, February 18th from 6:00pm until 8:00pm, UK time
WhereOnline symposium via Zoom.
FormatThere'll be a great line-up of speakers plus ample scope for discussion and debate.
Why you should attend
Fraud is now costing the UK economy as much as the entire NHS. The annual figure for fraud given by the National Crime Agency is over £190Bn based on figures from three years ago. This is almost certainly an underestimate. The NHS in the same year cost £197Bn a year.
Little is done to combat major fraud. Less than 0.03% of the amount lost is spent on countering fraud. The Serious Fraud Office receives around £50m a year, Action Fraud, which has been shown to be largely unfit for purpose, receives £16m. Police Forces have neither the time, capacity, nor capability to take on fraud. When fraud cases are brought to their attention, they are either sent to Action Fraud, where mostly they seem to disappear into an administrative hole never to be heard of again; or are classed as a civil matter. The few that are distributed back down to police forces are rarely investigated. Less than 2% of fraud is investigated properly, and only a fraction of that brought to justice.
Despite the scale of the problem, there has been little effort or no enthusiasm by the many regulatory authorities, notably the Bank of England’s Prudential Regulatory Committee, the Serious Fraud Office and the Financial Conduct Agency, to either stop these frauds or bring the perpetrators to justice.
There are mountains of evidence showing that fraudsters have ruined thousands of companies, farmers, and families; and the lives of thousands of individuals. A great number of jobs have been destroyed. Companies, homes, farms and possessions have been repossessed on forged documentation across the country. The damage to the UK economy has been massive.
The UK needs a profitable financial services sector that is well-governed and free from widespread scams and fraud. We’re a long way away from that.
This event will tackle these issues head-on, with the keynote speaker being Anthony Stansfeld, Police Crime Commissioner for Thames Valley Police who has, over several decades, earned an outstanding reputation for honesty, decency and doing what is right, regardless of how inconvenient it might be to do so.
Anthony will be joined by many other speakers who have stepped forward to “tell it as it is” with a view to shining a big bright light on the unacceptable state of affairs in the UK’s financial sector.
Here's the programme and timings so far...
Welcome to the symposium, introductions and initial exploration of the main issues; by
Founder, Transparency Task Force; Governor, Pensions Policy Institute; Chair, Secretariat Committee, APPG on Pension Scams; Chair, Secretariat Committee, APPG on Personal Banking and Fairer Financial Services
Presentation #1, for 20 minutes + 10 minutes Q&A/Discussion by
Police and Crime Commissioner for Thames Valley Police
Short leg-stretch and comfort break, for 5 minutes
Presentation #1, for 5 minutes incl. Q&A/Discussion by
Criminal Investigator, Action4Justice
Presentation #2, for 5 minutes incl. Q&A/Discussion by
Presentation #3, for 5 minutes incl. Q&A/Discussion by
Emerging Markets & FX Trader
Presentation #4, for 5 minutes incl. Q&A/Discussion by
Owner/Managing Director/CEO, Discoveries International
Presentation #5, for 5 minutes incl. Q&A/Discussion by
Helen MacGregor & David Arnold
Presentation #6, for 5 minutes incl. Q&A/Discussion by
Director, Bank Confidential
Presentation #7, for 5 minutes incl. Q&A/Discussion by
Nikki Turner & Paul Turner
Presentation #8, for 5 minutes incl. Q&A/Discussion by
Presentation #9, for 5 minutes incl. Q&A/Discussion by
Baron Prem Sikka
Member of the House of Lords
Presentation #10, for 5 minutes incl. Q&A/Discussion by
Chairman, Equity Development
Open discussion & debate, 10 minutes
Final conclusions; and suggested next steps and close to the formal proceedings.
However, for those that want it…
8pm GMT until 8:30pm GMT
….informal, unstructured networking and informal conversation; a “fireside chat”
*The programme will continuously evolve so is subject to change.