Minister for Justice Brian Lenlhan with James Treacy, chairman of the
Irish Fraud Bureau, which was launched in Dublin yesterday.
Fraud costs the private sector more than €300 million
annually and, in a bid to combat the problem, the bureau
has been established. The bureau, which is a collaboration
between the financial institutions and consumer credit
information provider BusinessPro, alms to prevent financial
crime and protect consumers.
Members of the bureau will be able to exchange data
on people committing fraud and the areas in which fraudsters
are operating. These include identity theft, credit-card
fraud and loan fraud. Members will also exchange the
details of those who have fallen victim to fraud in
a move to protect them from having similar problems
in the future.