The impact of fraud is wide-ranging and extremely harmful. It deprives businesses and individuals of their money and causes numerous other negative effects, including a drain on public funds, an increased risk of some businesses failing and the associated reputational, psychological and emotional damage to victims. 

In December 2015, the government announced the end of the exemption for insolvency litigation from the 2012 Legal Aid, Sentencing and Punishment of Offenders Act – an exemption which helps return approximately £480m owed to creditors from rogue directors and others every year. R3 fought a long campaign to secure a permanent exemption from the Act, including winning an extension to the exemption in February 2015.