1-4 of 4 results for subject:Forgery
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To ask His Majesty's Government, further to the letters from the Chair of the House of Commons Treasury Committee to the Financial Conduct Authority and the National Economic Crime Centre on 15 October 2020, how many banks have been (1) investigated, and (2) prosecuted, for forging customer signatures.
To ask His Majesty's Government, further to the letters from the Chair of the House of Commons Treasury Committee to the Financial Conduct Authority and the National Economic Crime Centre on 15 October 2020, how many banks have been (1) investigated, and (2) prosecuted, for forging customer signatures.
The National Crime Agency has reviewed the material from the Bank Signature Forgery Campaign and is notifying relevant parties of their findings.
To ask Her Majesty’s Government, further to the letters from the Chair of the House of Commons Treasury Committee to the Financial Conduct Authority and the National Economic Crime Centre on 15 October 2020, how many banks have been (1) investigated, and (2) prosecuted, for forging customer signatures.
To ask Her Majesty’s Government, further to the letters from the Chair of the House of Commons Treasury Committee to the Financial Conduct Authority and the National Economic Crime Centre on 15 October 2020, how many banks have been (1) investigated, and (2) prosecuted, for forging customer signatures.
My Lords, the National Economic Crime Centre continues to assess the material submitted to it in relation to alleged signatory fraud by banks, as well as information obtained following preliminary inquiries to clarify matters with certain members of the public who raised the issue. The National Economic Crime Centre is making a thorough assessment to determine whether there are grounds for a criminal investigation.
My Lords, I am not really satisfied with the Minister’s reply. Banks have forged customers’ signatures and fabricated evidence on an industrial scale in order to repossess people’s homes and businesses. More than 700 crime reports and 26 lever-arch files of evidence have been submitted to the NECC over the last three years and there has still been no action, as the Minister said. I ask him if he will, first, appoint an independent inquiry into this obfuscation and, secondly, meet me and a delegation of the victims to hear their concerns.
My Lords, I am not really satisfied with the Minister’s reply. Banks have forged customers’ signatures and fabricated evidence on an industrial scale in order to repossess people’s homes and businesses. More than 700 crime reports and 26 lever-arch files of evidence have been submitted to the NECC over the last three years and there has still been no action, as the Minister said. I ask him if he will, first, appoint an independent inquiry into this obfuscation and, secondly, meet me and a delegation of the victims to hear their concerns.
My Lords, that characterisation of the situation is not entirely fair. The NECC is reviewing the evidence submitted to it by the campaign groups. We cannot comment further at this stage, recognising the NECC’s operational independence.
Once it has finished its review, it will communicate its findings. The noble Lord referred to the 26 lever-arch files; these actually contain 10,000 pages of evidence in seven staggered submissions, the last set of which was delivered in March 2021. This was subsequently referred to the various subject-matter experts at the SFO and the FCA. These are complex matters and they take time.
To ask Her Majesty's Government what progress they have made in (1) investigating, and (2) prosecuting, allegations of banks forging customers’ signatures.
To ask Her Majesty's Government what progress they have made in (1) investigating, and (2) prosecuting, allegations of banks forging customers’ signatures.
The Government expects all companies to obey the law and relevant regulations. Anyone with evidence of such forgery taking place should report it to their bank in the first instance. If their concerns remain, or they do not have a direct relationship with the lender, they should report it to the relevant authorities.
Although the Treasury sets the legal framework for the regulation of financial services it does not have investigative or prosecuting powers of its own and is not able to intervene in individual cases. The Financial Conduct Authority (FCA) requires all authorised firms to have systems and controls in place to mitigate the risk that they be used to commit financial crime. Whilst the police have primary responsibility for investigating fraud the FCA also has powers to take a variety of enforcement action against firms that carry out fraudulent activity.
The National Crime Agency (NCA) is continuing to assess the material submitted by the Bank Signature Forgery Campaign and information obtained following preliminary enquiries to clarify matters with certain members of the public who had raised the issue. The NCA is making a thorough assessment to determine whether there are grounds for a criminal or regulatory investigation.