1 in 10 charities with income over £100,000 report detected fraud in last financial year

Almost a quarter of these have suffered insider-enabled fraud

The Charity Commission, the independent regulator for charities in England Wales, is today urging charities to better protect themselves against fraud and financial crime, in response to the National Fraud Authority's (NFA) latest report. This year's Annual Fraud Indicator sampled charities with income over £100,000 only, increasing the number of larger income charities in the sample*. However this is not to imply that smaller charities do not experience fraud, as we know they do. It is vital that all charities, whatever their size, do not become complacent and ensure they have financial controls and policies in place to both prevent fraud occurring, and deal with it when it does happen.

You can read the rest of the article on the Charity Commission website.