Financial crime

What is Application Fraud? This form of financial crime occurs when individuals or fraud syndicates set themselves up to apply for finance from banks and credit providers with the full intention of stealing the funds, obviously without the intention of paying back these loans.

Fraud Insights, as part of Comcorp’s business we gain valuable insights into the way financial crime is committed and how the consumer is often placed at risk of having their data compromised and used by fraudsters to commit financial crime. So what is financial crime?