FSA teams up with CIFAS to fight crime

The FSA has joined CIFAS, the UK’s Fraud Prevention Service.

The regulator will supply CIFSA with information if false or inaccurate information has been generated by FSA-regulated entities.

Also, where regulation demands FSA approval of an individual, the FSA double-check whether that person has previously been involved in fraud by searching for them on the CIFAS National Fraud Database.

The Legal Services Commission was the first public-sector body to agree to sharing information on confirmed frauds with the private sector through CIFAS last year.

Peter Hurst, CIFAS chief executive, said: “We look forward to working with the FSA