Bank Mandate Fraud – the problem and helping identify solutions

4:00pm - 6:00pm | £0.00

Bank Mandate Fraud – Have you or your organisation ever been asked to change a direct debit or standing order by someone pretending to be an organisation you make regular payments to? If so, this event is for you!


Date: Tuesday 07 July 2015

Time: 16.00 – 18.00 (16.00-16.30, registration and refreshments)

Venue: Newcastle University Business School, 5 Barrack Road, Newcastle upon Tyne, NE1 4SE


Bank Mandate Fraud is a large and expensive problem – both for the

business victims and for accounts payable departments putting in

preventative systems. The scale of the problem is about to get worse if

current government plans to encourage individuals and companies to switch banks are successful.


NIBE and Newcastle University (which currently receives 30 legitimate

notifications of bank changes per month) are working together with the

Chartered Institute of Management Accountants (CIMA) to hit the problem head on and to bring together Contractors, Suppliers and the Banks to flush out its scale.


Join Richard Dale (Finance Director – Newcastle University), James Tweddle, Senior Manager and Financial Fraud Expert – PwC), Anna Urbanowicz (Group Director of Internal Controls – Esh Group), and Rory Whaling (Business Development Director – Lloyds Bank) on July 7 to help the north east pioneer a common sense methodology for ‘accounts payable’ departments.


At the event, our guests will share the nature and scale of the problem from their perspective. Afterwards, there will be an opportunity for interactive discussion to learn from each other and share any best practice. There is currently NO national or regional network that has identified best practice solutions. A desired outcome from this event is the establishment of a working party to address the problem and troubleshoot solutions. We look forward to seeing you on the 7th! Please click here for registration