The Government Counter Fraud Profession and the Public Sector Fraud Authority have published professional standards for those working in fraud prevention within the private sector.

In a statement posted to LinkedIn, Mark Cheeseman OBE, CEO of The Public Sector Fraud Authority, described the “latest milestone” in a year long collaboration with the Government Counter Fraud Profession to develop a “handbook” of guidance, experience and knowledge for professionals.

The guidelines will help professionals working in fraud prevention to identify gaps in their capabilities and eventually develop new training programmes and qualifications.

He cited the “continually evolving” skills of fraudsters and said “if (society) wants to have a bigger impact, we need to systematically build our own capability – building from the hard won experiences of those have, and are, taking action on fraud”. 

The standards have been developed in conjunction with a range of stakeholders, including the Commonwealth Fraud Prevention Centre (CFPC) in Australia, to comprise a competency framework which any fraud prevention professional should meet the level required in demonstrating knowledge of relevant legislation, typical fraud offences and risk management techniques.

In 2018, the Government’s overarching Counter Fraud Function (GCFF), one of 14 main divisions, proposed a functional standard.