Bank Fraud

Bank Fraud in UK. We are a unique firm, staffed by former government prosecutors and investigators, and are experts in prosecuting fraud offences. We commonly advise on instances of bank fraud, which can be defined as the use of unethical or illegal means to obtain money, assets or other property held by a financial institution. The circumstances around bank fraud are wide ranging, including cash withdrawals, disputed card transactions and identity theft. As well as conducting financial crime investigations, we regularly apply for restraint and compensation orders on behalf of our clients – we have extensive experience in obtaining and robustly enforcing these court orders. 

As you may know, bank fraud is part of a wider crisis in the UK. In January 2021, the Royal United Services Institute (“RUSI”), a defence and security think tank, published a paper explaining that fraud in the UK has reached epidemic levels. According to this paper, fraud is the “volume crime of our time”. Notwithstanding increased media attention, the government’s fraud response continues to fail individuals and businesses. Budget cuts to the police and Crown Prosecution Service have limited the prioritisation of fraud investigations and prosecutions, even as reports continue to rise. This state of affairs is at the heart of Edmond Marshall McMahon’s mission – as private prosecutors, we specialise in providing fraud victims with access to justice.

Edmond Marshall McMahon regularly implements private prosecution strategies to ensure that those who engage in bank fraud are held accountable in the criminal courts. We understand that this kind of fraud may cause embarrassment to financial institutions, leading them to batten down the hatches and not report crimes. Crucially, however, private prosecutions have a significant deterrent effect on fraudsters who target financial institutions. Bringing a private prosecution sends a clear message to potential fraudsters – that the company will take decisive and robust action to route them out.   

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