Knowledge Base

Get up to speed with financial regulations, KYC and due diligence requirements, and AML, CFT, Sanctions and anti-bribery policy.

Benefit Fraud

Benefit Fraud is a Fraud committed in order claim state benefits or other services belonging to another or entitled by the government to people who meet a certain (typically) socioeconomic criteria.

The most common form of benefit fraud is when a person receives benefits, but continues or begins employment. Another common form of fraud is when the receivers of benefits claim that they live alone, but they are financially supported by a partner or spouse.