Global Economic Crime Survey 2024: UK findings
What types of fraud are most prevalent in the UK? How are companies seeking to detect and address them? And are they succeeding?

Risk is everywhere, evolving alongside increasingly complex regulations. It's crucial for organisations to understand and manage these shifts and changes - not just to stay resilient and compliant, but to seize them as growth opportunities.
Organisations face diverse risks, from geopolitical, technological, cyber threats, data and AI to customer-focused issues.
They also face regulatory challenges. Being prepared for emerging regulations and regulatory divergence is crucial to avoid regulatory breaches and penalties. The most highly regulated sectors, in particular, such as banking, insurance, pharma and energy continue to experience increasingly complex regulatory environments, while others like technology face new regulatory demands.
For too long, the focus has been on mitigating risk. Now, it’s about seeing risk as a way to drive growth and reinvention, from a deeper understanding of customers for better products to using data more effectively to drive insight and innovate.
We’ll work closely with you to navigate uncertain and changeable environments, quickly and with confidence. From volatile international trading environments, cybersecurity and financial crime to third-party risk management, we bring diverse teams, technology and data, and sector expertise together to manage risks while meeting regulatory obligations.
If your organisation is subject to complex regulations, we have the expertise to advise you within your sector. Whether it’s banking reforms, Pillar 2 tax rules, adhering to energy standards, pharma safety, or tech regulations like the AI Act, we provide insights on specific and cross-sector regulations to guide your response.
We're also able to advise on the ever-evolving ESG reporting landscape. With experience spanning 30 years, our experts can support you on a wide range of sustainability reporting areas, such as CSRD preparedness, TCFD analysis, gender pay gap reporting, climate risk modelling, and government regulation.
Explore how we can help you find the necessary skills, tools and cloud technologies to protect your organisation and find new sources of value. We engage closely with clients, regulators, and industry bodies to keep you ahead of the regulatory curve.
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Businesses are operating under increasingly complex regulations and greater external challenges.
It is easy to fear making mistakes.
Our experts monitor the risk and regulatory environment, focusing on key issues such as prudential reform, technological innovation including AI, ESG, financial crime and wholesale market reform.
We engage in dialogue with clients, regulators, and industry bodies to provide insights about the evolving regulatory landscape and its impact on your business.
Up-to-date insight and commentary from our experts on the Trump administration’s new global tariffs so you can manage the impact.
What types of fraud are most prevalent in the UK? How are companies seeking to detect and address them? And are they succeeding?
We have entered a crucial inflection point within the financial services industry, particularly in the credit risk space, which faces a prolonged period of significant transformation, driven by economic uncertainty, changes in borrower behaviour, increased regulatory compliance requirements, and rapid technological advancements.
We have collaborated with Stop Scams UK to explore how fraud threats are evolving and to pose ideas for how robust societal defences can be developed that are not only capable of addressing today’s challenges but can also adapt to the threats of tomorrow and beyond.
Report
We look at the benefits of stronger internal controls, what the basis for a good internal control framework could look like and provide some practical steps companies can take now to approach strengthening their internal controls.
Conduct Analytics. The Future of Conduct Risk Management. In collaboration with The Association for Financial Markets in Europe (AFME), we have developed this paper to create a blueprint for the banking industry that members can leverage as they continue to evolve and refine their Conduct Analytics Frameworks.
Firms and regulators are keen that the climate risk agenda continues to progress. Our survey aims to understand the state of play across the banking sector.