British Charities Vulnerable to Fraud, Says Report

Most British charities are not doing enough to protect themselves from fraud, according to a study by independent watchdog group the Fraud Advisory Panel, reports Third Sector Online.

Three-fifths of the more than 1,100 charities surveyed by the panel have no significant antifraud procedures in place, even though half of the respondents consider fraud a significant hazard. Only 11 percent have a detailed antifraud policy.