Did you see the recent episode from the leading BBC one series ‘Rip-Off Britain’? Here at Contego, we thought that the latest episode would be of particular interest to our clients.
Gloria Hunniford, BBC journalist, met with the specialist ID fraud team at the Metropolitan Police to learn how they are cracking down on the increase of criminals producing fraudulent and counterfeit identity documents.
You might want to watch it.
(Source: Rip-Off Britain, 2017, BBC 1, 9th May)
As RegTech and compliance specialists, Contego process a multiple of different ID documents for our client’s due diligence and identity verification checks. Although the vast majority of ID documents that we process for clients are genuine, this year we have witnessed a significant rise in people trying to use fraudulent documents in business transactions and the sophistication of those documents are certainly increasing.
According to the Annual Risk Analysis Frontex 2016 study (Source) the number of migrants attempting to reach the UK with false papers in 2016 has jumped by 70% compared to 2014. The study goes on to explain that overall there had been a “marked increase” in the number of document fraud incidents recorded on movements within the EU’s Schengen area.
The introduction of ‘Right to Work’ and ‘Right to Rent’ checks is an attempt by the Home Office to make it harder for illegal migrants to work and live in the UK, however it has put employers on the front line of tighter immigration controls.
It is unreasonable to expect the average UK business to act as Border Control and it is also unrealistic to expect them to correctly identify a sophisticated fake passport.
However, at Contego we believe that every organisation can take a few steps to protect their business from those who may endeavour to fraudulently gain employment or become a customer.
Electronic document scanning is a very simple and effective way to check the authenticity of an ID document. One of the services we offer to our clients is the ability to check ID documents using our Gold Standard Desktop Scanner, that can deliver an immediate decision on the legitimacy of a document. The scanner performs comprehensive ultraviolet and infrared scans so our clients can be confident in making data-driven decisions, in an instant, about who they employ or do business with.
Clients can also perform checks on ID documents in real-time through Contego’s API (Application Programming Interface) or via the Mobile App.
As Identity theft grows, there is a real and growing need to go beyond the required regulatory checks and perform extensive due diligence on all your customers, staff and suppliers, so you know exactly who you are doing business with.
If identity verification is important in your business and you would like to reduce your business risk and be ready to tackle increasing fraud threats, then get in touch with us today by calling +44 (0) 1235 375 000 or visit the Contego website to find out more and book an online demo.