The Government have today published a response to the public consultation on the Fraud Review. The review identified that in many cases fraud is a preventable offence. The National Fraud Strategic Authority will have as one of its aims to raise awareness among the public and to promote best practice in fraud detection and prevention.
The Fraud Review also made a number of recommendations designed to facilitate the prosecution of fraud offences. These included: the establishment of a financial court jurisdiction; specialist training for judges; extended sentencing powers for the Crown court; and the introduction of a framework for a plea negotiations. We will be establishing a study to consider the detailed costs and benefits of introducing a financial court jurisdiction. We are also establishing a working party to look at the issue of plea bargaining.