New B2B Fraud Prevention Network launched

26-Apr-2019

Graydon identified £500,000 worth of suspected frauds across the UK, every week in 2018, which equates to a £7,000 loss for every incorporated business in the country. 

The company, together with Forums International and DLA Piper, announced today the launch of a series of quarterly forums targeted at fraud specialists and anyone involved in the prevention of corporate fraud. The Fraud Prevention Network (FPN) brings together the business data and insights from Graydon, the global knowledge-sharing and networking platform of Forums International and multinational legal capabilities of DLA Piper. The first FPN will take place on Thursday 16th May 2019 in London.

Devised to keep up with ever-changing fraud trends and techniques, the quarterly forums are aimed to help businesses to form a community to combat all types of corporate fraud. The members of the FPN will be able to exchange experiences, knowledge and best practice to prevent and reduce losses caused by criminal activity.

The association of the three partners combines legal advice, technical anti-fraud solutions and practical tools in a network of like-minded professionals and relevant industry experts. Attendees can expect open discussions, presentations from fraud prevention experts, and specialised workshops - supported by a network of dedicated fraud analysts and investigators - alongside access to secure members’ communication channels.

Simon Blackwell, Graydon UK’s managing director:

“I’m delighted to announce the launch of the Fraud Prevention Network, which complements our range of software, data and analytical solutions focussed on helping our customers reduce the ever-growing risk of financial crime and specifically commercial fraud.

I’m looking forward to seeing attendees from a broad range of industries benefit from sharing their practical thoughts, ideas and best practise with one another and keep updated on latest developments from subject matter experts. It’s exciting that Graydon are at the centre of facilitating a forum on such a critical topic” 

Forums International Ltd, Laurie Beagle FCICM, managing director:

 “Fraud is “The fastest growing industry” which in real terms means that all businesses will need to be very aware if they are to keep their businesses safe. The new FPN will provide support, a community of experts and be “The “Go-To Place” when members need help ”Forums International Ltd are very pleased to partner with Graydon UK and DLA Piper in this new forum.”

DLA Piper, Laura Ford, legal director:

The political shift towards compliance and the criminalisation of the failure to maintain adequate compliance programmes means that fraud prevention is a key focus for many of our clients. For that reason, we are delighted to be working with Forums International and Graydon UK to bring the Fraud Prevention Network to the market. We hope that our own networks will benefit from the insight, learning and tools the FPN will offer to strengthen their compliance and fraud prevention programmes.