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Electronic identification & verification of customers is one of the cheapest, fastest and simplest way to mitigate the risk of fraud in the life and pensions market;
Mortality screening of pensioner/annuitant payroll also prevents the risk of id theft and fraud.
Comply with FSA guidelines, Data Protection Act and Treating Your Customers Fairly - implement good anti-fraud processes and practices in your business.
"The fear is that we will not see the real and full fraud impact of the crunch for another six or 12 months or even more, as businesses start to take a closer look at their operations in this difficult economic climate,"- Hitesh Patel, KPMG Forensic Partner.
"The signs are that we could end up seeing some substantial losses being suffered."
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Capita Hartshead Tracing Solutions is a trading name of Capita Hartshead Limited with its registered office at
The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU. (Registered in England & Wales No. 02260524).
Part of Capita plc.