Navigating the Future Economic Crime Landscape
The first-ever TECAs Thought Leadership Summit, organised in association with the UK Fraud Forum, takes place on Wednesday 1 November 2023 at the Novotel London West and the full agenda has now been released.
The programme will directly address current issues faced by those tackling economic crime and promises to be lively and thought provoking – providing an engaging platform to address and challenge many issues.
The event will create networking opportunities and an environment that promotes the sharing of best practice amongst attendees and encourages debate and participation with speakers.
TECAs Thought Leadership Programme:
The Art of War: When fraud met AI
Nicolai Thomson – CEO, Jenesys
In a world where Sun Tzu’s ageless wisdom in “The Art of War” continues to guide strategic minds, this presentation offers a deep dive into the intricate dance of artificial intelligence (AI) and fraud, and how it shapes the landscapes of modern business. It will reveal AI’s role in fraud and its exploitation of vulnerabilities, and by examining predictive algorithms, deep learning, and behavioural analysis — tools available on both sides of the battle — armed with this knowledge, we’ll have a better understanding to anticipate, adapt, and strike precisely. This leads to proactive strategies, empowering us to outsmart AI-powered fraud via actionable insights and expertise, equipping you to counter the evolving AI-powered threats in the world of business fraud, including cutting-edge strategies tailored for the B2B landscape.
Bricks and mortar: the surprising new frontline in cyber-enabled fraud with lessons for government and beyond
Alan Bryce – Non-Executive Director, Tenancy Fraud Forum
The world of social housing fraud has it all for those who are interested in both the fight against fraud and who also like a good drama with a possible twist in the ending. Eye-watering losses to the public purse, systemic weaknesses and structural disincentives, regulatory indifference combined with the unintended consequences of government action. Social housing fraud also has the relatively rare distinction of being a crime, where taking the right action not only saves money for the public purse, but also directly helps families and local communities, now and for years to come. Yet so many of those who can help remain unwilling. Why and what can be done about it? In this presentation, Alan Bryce, author of “Lost Homes, Lost Hope” and the originator of the government’s accepted estimate of the scale and financial loss caused by social housing fraud, will reflect on the last 15 years of fighting such fraud, the successes and the mistakes, the lessons to be learned and what now needs to be done.
The Asset Recovery Revolution?: The quest to reclaim illicit gains in a world where “crime still pays”
Aidan Larkin – CEO, Asset Reality
For almost a decade, global estimates for asset recovery have painted a disheartening picture, revealing that merely 1% of criminal proceeds are successfully reclaimed, despite a resounding international chorus that “crime must not pay.”. The sad reality is that it does. How did we get to this point and will the new focus on asset recovery from the Financial Action Task Force (FATF) improve the outlook? In this presentation, Aidan Larkin will look at the challenges and opportunities this presents, domestically and internationally, and how this can contribute to the relentless fight against serious and organised crime while bolstering returns to society, and ultimately advancing the global pursuit of justice and integrity.
When Stars Align: Possibilities for the National Economic Crime Data Strategy
Mike Haley – CEO, Cifas
In fraud and financial crime circles it has become a common-place to state that sharing more data and intelligence is key to preventing further economic crime – but what data and intelligence needs to be shared? By whom? And how? The National Economic Crime Data Strategy, as required under the Economic Crime Plan 2, alongside changes in the legal provisions brought about by the Data Protection and Digital Information Bill and the Economic Crime and Corporate Transparency Bill, presents a once in a generation opportunity to create the infrastructure and framework to bring about a step change in prevention and detection. So how do we grasp that opportunity? What should be our ambition? And how do we bring it about? Thirty-five years ago, Cifas was created as a vehicle to exchange fraud data in the analog age. In this presentation, Mike Haley will argue that the time is ripe for Cifas and its partners to create a data consortium for the digital age that will turn the tide on fraud and financial crime.
‘How can the private sector help the public sector in the fight against economic crime?” (panel discussion)
Professor Mark Button – Professor, Co-Director CCEC, Portsmouth University
Ian Dyson QPM DL – recently retired Commissioner, City of London Police
Mick Creedon QPM – former Chief Constable and National Police Lead for Financial Investigation
Tammy Barnes – Fraud Protect Officer, Derbyshire Constabulary
Dr Janice Goldstraw-White – Researcher, Perpetuity Research
Economic crime is the largest category of offending, costing society billions of pounds every year, yet it remains a low police priority. Police resources are limited and the increasing complexity and diversity of economic crime present further challenges to policing capacity and capabilities. There is a real need for a new way of thinking about how to tackle this issue. In the private and not-for-profit sectors, resources significantly outnumber those of the police. A variety of personnel are involved in tackling economic crime. but they largely act in isolation from the police. Nonetheless, there is the potential for collaboration between the police and these sectors, which could also prove cost-effective. Regrettably though, this potential has never been systematically explored. This panel session will explore what kind of activities and expertise exist within the private and not-for-profit sectors that could benefit the police. It will look at how the police can effectively engage with these sectors and to what extent and highlight the obstacles that are currently impeding the pursuit of this substantial untapped potential. Finally, the panel will discuss what a strategy for ‘partnering’ engagement might look like.
Interview with a former fraudster
Martin Gill will interview an “ex-offender”, once involved in fraudulent activities, who will provide insights and perspectives on what fraud practitioners should be looking for. Through candid conversation, this interview aims to reveal the motivations that drive individuals into fraud, explore the techniques they use, and highlight vulnerabilities that are often exploited. By gaining an understanding of the mindsets and tactics employed by those who engage in fraudulent activities, law enforcement agencies, businesses, and individuals will be able to enhance their strategies for detecting and countering these threats.
Doors to the Summit will open at 11:30; lunch will be provided, and an exhibition of products and services will be on display. The event will finish at 17:00 and the TECAs awards dinner will follow at 18:45.
Places to the Summit are limited. Tickets are £99 + VAT and include lunch, exhibition, Summit, and afternoon refreshments.
Table-top exhibition stand space is available for those organisations wishing to promote their products and services to a wide audience of economic crime professionals at a cost of £495 +VAT (includes two free places to the Summit).