Panel members have provided evidence to the House of Commons Treasury Select Committee[3] and frequently participate in government consultations and commentary on the television, radio, and newspapers.
Membership offers various benefits including the opportunity to keep up to date with trends in the counter fraud field, meet fellow counter-fraud professionals, exchange insights and influence change to protect society from crime.
[52][53] Crime trends, prevention advice and lessons learnt from the COVID-19 Fraud Watch task force have continued to be shared across sectors to alert businesses and encourage vigilance and due diligence as the world comes out of the crisis.
[54] In June 2020, they alerted Rishi Sunak MP, UK Chancellor of the Exchequer, National Audit Office and others to the risk of fraud against the government tax-payer backed stimulus schemes.
[70] Interviewed by CityAM, FAP chair David Clarke drew a comparison with the Sub-Prime Mortgages crisis saying, “As we saw with the self-certified subprime loans scandal pre-2008, fraudsters including bank insiders see [BBLs] as an easy target” .
[72] On 23 January 2021, it was reported that three men working for the same London financial institution had been arrested by the National Crime Agency as part of an investigation into an alleged fraudulent coronavirus bounce back loans totalling £6m.
[75] On 23 January 2021, it was reported that the NCA had arrested three men who worked at the same London financial institution in connection with an investigation into coronavirus Bounce Back Loan fraud totalling £6 million.
The article quoted the letter sent to Chancellor Rishi Sunak by the Panel and others in June 2021, calling on Government to publish names of recipients of taxpayer-backed loans to prevent such fraud.
In that instance, hundreds of people were paid to be directors of shell companies, many with no real staff or operations in the UK but acted as conduits for millions of pounds in revenue from online porn and gambling.
[91][92][69] Information leaked to OCCRP resulted in allegations that the system of company incorporation in the UK and other jurisdictions is broken and was being abused by criminals and corrupt officials to disguise their assets, source of wealth and beneficial ownership of businesses.
Chairman David Clarke told the Evening Standard, "Corruption isn’t a single event or act; it is a process whose ultimate objective is to create a culture in which it can become the new normal.
[104] Members of the FAP Board frequently appear on television and radio to provide independent, expert opinion and advice on a range of fraud related matters.