Proactive not reactive soon!

From my experiences within the financial services industry over the last 40+ years,the causes of most major fraud or similar issues were addressed in some form after the event.This is often followed by comments such as why didnt we foresee this etc etc?? The last governments whole approach seemed to be one of reacting after the event without a great deal of thought given.The suggestion that the UK should have an efective national register/database males common sense,as was said lets seek to prevent fraud and apply some fresh thinking to a long established problem in our society for a change!

Posted by: Bill Warren

Avoid Duplication

The FSA Register is not as good or as useful as it could be. Why re-invent the wheel by maintaining a seperate database for fraud when a combined one, perhaps using the front end of the FSA register as the starting point for both enquires about registered and individuals. Isn't it just as important to know of fraudsters doing what looks like incestment business who are not and never have been regulated rather than just those who were regisered and got caught?

Posted by: Phil Castle

In favour of UK-wide fraud register

The industry has been calling out for this type of centralised repository of financial fraud related intelligence for some time and so we at Quest fully support the SFO’s call for a central database. It would act as a major deterrent for fraudsters who would be clearly exposed by such an intelligence-based approach.

Posted by: Andy Coles, Quest