Serious Fraud

What does serious fraud and white collar crime cover?

There are no specific offences which constitute white collar crime. The Fraud Act 2006, as well as the common law, create various offences which can be described as fraud. The circumstances in which they occur and the value involved will determine if an offence is considered serious fraud or is referred to as white collar crime. However, the rules and procedures in relation to such offences are no different to any other offence. White collar crime generally refers to crime committed by persons in positions of trust and responsibility committed in the course of their employment. Fraud may be considered serious fraud where high levels of sophistication and planning are involved or where the value of the offence is very high.

What constitutes an offence of fraud?

An offence of fraud is traditionally characterised by a dishonest action or course of conduct which results in a gain to someone or a loss to another. However, there are many different fraud offences which can be committed in many different ways and each offence will have its own particular elements.

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