The UK government has launched a Covid fraud hotline, after being criticised for failing to act on warnings about fraud risks linked to emergency business loans.
The hotline, run by Crimestoppers, allows the public to leave anonymous tips about suspected fraud linked to the government’s emergency Covid loan and grant schemes for UK businesses. That could include identity theft to obtain loans, false grant claims and the use of so-called mule bank accounts to cover the tracks of money launderers.
The government has been criticised for failing to act on warnings about potential fraud linked to the bounce-back loans scheme (BBLS), which was designed to distribute cheap loans quickly of up to £50,000 to small businesses.
Related: Organised crime in UK