Serious Fraud Office – Fraud Taxonomy

Taxonomy (from Ancient Greek:  taxis, “arrangement,” and -nomia, “method”) is the science of defining groups of biological organisms on the basis of shared characteristics and giving names to those groups.

The Serious Fraud Office (SFO) is an independent UK Government department that investigates and prosecutes serious or complex fraud and corruption.  Accountable to the Attorney General, it has jurisdiction over England, Wales and Northern Ireland.

What happens when the two meet?

You have the Serious Fraud Office – Fraud Taxonomy.

In this week’s Report of the Week, we present not a report at all but rather a very well constructed overview of the many different faces of fraud.

As an example of how the Taxonomy works we have taken screen shots.

At the highest level it is broken into who is the target of the misadventure

Screenshot 2015-01-21 07.52.12

Secondly the misadventure is segmented into types of frauds that can impact that victim.  Within that segmentation there are examples stated.

Screenshot 2015-01-21 07.52.34

The examples are then articulated

Screenshot 2015-01-21 07.53.10

Too often in our experience two people discussing potential misadventure believe that they are conversing in the same language only to discover (often too late) that they are at cross purposes.

The use of a taxonomy such as the SFO framework could assist in overcoming such issues.

Interestingly in our career to date we have only seen one organisation develop an internal taxonomy.


Screenshot 2015-01-21 07.52.12

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