The Risk, Threat and Prevention Service, led by the Public Sector Fraud Authority (PSFA), will work closely with various government departments to help prevent fraud, ensuring that public funds are used efficiently and effectively.
Fraud is a significant issue that affects the integrity of public services and the efficient use of taxpayer funds. The PSFA estimates “the extent of fraud and error across all of government” was up to £58.8 billion in 2020-21.
By addressing fraud, the government can ensure that public services are delivered effectively and that resources are allocated where they are most needed.
The new counter-fraud team, which starts work today (24th May 2023), will consist of experts from across the civil service, law enforcement, and the private sector. This multidisciplinary approach is to enable the Risk, Threat and Prevention Service to tackle fraud in a comprehensive and effective manner, and is described by the government as “a global first, with no other government in the world currently providing such a cross-government resource and capability to identify and counter fraud.”
The new team will work with government departments to identify and prevent fraud in public services. This will involve sharing best practices, providing support and guidance, and implementing effective counter-fraud measures.
Some of the key responsibilities of the Risk, Threat and Prevention Service will include:
The government expects the establishment of the new team to bring numerous benefits to public and government services. By identifying and preventing fraud, the team will help to ensure that public funds are used efficiently and that resources are allocated where they are most needed.
By working together with law enforcement and private sector partners, the service will also contribute to the broader fight against fraud and financial crime.
The formation of the Risk, Threat and Prevention Service should be a significant step forward in the UK government’s efforts to combat fraud in public services. By working together with government departments, law enforcement, and private sector partners, the Risk, Threat and Prevention Service can play a crucial role in ensuring that public funds are used effectively and that public services are delivered with integrity.
If you suspect that a fraud has occurred within your business and need advice or support on the next steps, we’re here to help.
Additionally, we can help you to prevent fraud from occurring through manager and employee training and resource provision.