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ACPOS Best Practice Guide

to Long Firm Fraud

Long Firm Fraud (also known as Consumer Credit Fraud) is criminal activity whereby a company is temporarily set up, supported by fake references, so that it can trade on credit with wholesale suppliers, with no intention of paying for the goods supplied.

By such actions, the maximum goods are obtained over the maximum credit period and the criminals duly abscond with the proceeds.

The Association of Chief Police Officers in Scotland (ACPOS) has produced a leaflet (right) which offers advice to businesses within the wholesale supply sector, with a view to reducing their exposure to Long Firm Fraud.

Further reading: Ten Point Plan to combat Long Firm Fraud