In the Media

Fraud investigation 'needs regulating'

PUBLISHED October 4, 2004

Criminal gangs involved in money laundering and other financial crime will escape prosecution unless the fraud investigation industry is forced to adopt recognised qualifications, the government was told yesterday.

Attempts to prosecute individuals involved in serious financial crime have already been abandoned after evidence was prejudiced by untrained and unqualified fraud investigators, said Paul Carratu, president of the British arm of the Association of Certified Fraud Examiners.