"More than a third of the money clawed back related to fraudulent activity during the Covid-19 pandemic, with other cash being recouped from unlawful council tax claims and illegal subletting of social housing. The government will announce later today that a new AI tool which has helped to identify the fraud will now be licensed to other countries, including the US and Australia."
"The Cabinet Office says the 480m recovered in the 12 months from April 2024 is the largest sum ever reclaimed by government anti-fraud teams in a single year. Ministers say the savings will now be used to recruit nurses, teachers and police officers. Of the total sum recovered, 186m was related to Covid fraud. Ministers have long vowed to claw back some of the money lost during the pandemic."
An AI tool identified fraud that enabled the UK government to recover £480m over 12 months from April 2024, the largest annual reclaim by anti-fraud teams. Of the total, £186m related to Covid-19 pandemic fraud; other recoveries came from unlawful council tax claims and illegal social housing subletting. The tool also helped block hundreds of thousands of companies with potentially fraudulent Bounce Back Loans from dissolving. Ministers plan to use the savings to recruit nurses, teachers and police officers. The AI will be licensed to other countries, including the US and Australia, amid civil liberties criticism.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]