By Elizabeth Hearst for AMLi
The UK Treasury has written off more than £4BN in public cash stolen by fraudsters from Covid support schemes.
Figures released by HM Revenue & Customs show that £5.8BN was stolen from Covid relief supports, including the country’s furlough and self-employment schemes.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!