CIFAS is a not-for-profit membership association representing the private and public sectors. CIFAS is dedicated to the prevention of fraud, including staff fraud, and the identification of financial and related crime. CIFAS operates two databases:
CIFAS has 270 Member organisations spread across various business sectors. These include financial services, retail, telecommunications, customer service centres, call centres and public services. Although at present CIFAS Members are predominantly private sector organisations, public sector bodies may also share fraud data reciprocally through CIFAS to prevent fraud.
Members share information about confirmed frauds in the fight to prevent further fraud. CIFAS is unique and was the world's first not-for-profit fraud prevention data sharing organisation. Since CIFAS was founded, CIFAS Members have prevented fraud losses to their organisations worth over £8 billion by sharing fraud data.
CIFAS aims to:
Build on crime prevention data sharing to encompass both the private and public sectors in the public interest.
Protect the interests of CIFAS Members from the actions of criminals by pooling information on fraud and prevented fraud.
Ensure that innocent members of the public who are the victims of fraud are not prejudiced by the misuse of their identities and documentation.