The financial industry is launching an awareness campaign to combat the increasing problem of cheques being altered and intercepted.

Cheque fraud cost £44m last year. Of this, £11.25m related to counterfeit and altered cheques, which represented a 48% increase on the previous year.

Several initiatives were outlined this week at a joint Association of British Insurers, Association for Payment Clearing Services, British Bankers Association and City of London police briefing held this week.

These include:

  • investment in improved cheque security
  • the publication of best practice guidelines
  • educating organisations on what they can do to reduce the risk
  • setting out the action that needs to be taken as soon as a cheque fraud is discovered.


    • The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

    Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
    Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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