BARCLAYS BANK PLC
The Fraud Act 2006 (c 35) is an Act of the Parliament of the United Kingdom. It affects England and Wales and Northern Ireland. It was given Royal Assent on 8 November 2006, and came into effect on 15 January 2007.
FRAUD ACT 2006
Section 4 - Fraud by abuse of position [such as a planning or police officer]
(1) A person is in breach of this section if he —
dishonestly abuses that position, and
intends, by means of the abuse of that position—
to make a gain for himself or another, or
to cause loss to another or to expose another to a risk of loss.
(2)A person may be regarded as having abused his position even though his conduct consisted of an
omission rather than an act.
The Act gives a statutory definition of the criminal offence of fraud, defining it in three classes - fraud by false representation, fraud by failing to disclose information, and fraud by abuse of position. It provides that a person found guilty of fraud was liable to a fine or imprisonment for up to twelve months on summary conviction (six months in Northern Ireland), or a fine or imprisonment for up to ten years on conviction on indictment. This Act largely replaces the laws relating to obtaining property by deception, obtaining a pecuniary advantage and other offences that were created under the Theft Act 1978. These offences attracted much criticism for their complexity and difficulty in proving at court. Much of the Theft Act 1978 has been repealed, however, the offence of making off without payment, defined under section 3 has not been affected.
GAIN AND LOSS
NCSC ROYAL OPENING - Her Majesty The Queen opened the NCSC on the 17th of February 2017. To mark the launch of the National Cyber Security Centre, listen to CEO Ciaran Martin, Technical Director Dr Ian Levy, Chancellor Phillip Hammond and DCMS Minister Matt Hancock talk about how the NCSC aims to make the UK the best possible place to live and work online.
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