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<p>The Department already supports the British Business Bank (BBB) in its counter
fraud activities and will continue to do so.</p><p> </p><p>We work in partnership
with BBB to support their compliance with the Government Functional Standards in Counter
Fraud including the:-</p><ul><li>Detection and Measurement of fraud,</li><li>Fraud
Risk Assessments,</li><li>Measurement of fraud controls,</li><li>Investigation of
fraud and</li><li>High level fraud analysis.</li></ul><p> </p><p>Further, we are working
to strengthen the future approach to fraud. The department is currently working with
BBB on an updated fraud strategy to address the challenges associated with the Bounce
Back Loan and which for instance includes:-</p><ul><li>Improved Management Information</li><li>Enhanced
enforcement action</li><li>How insight from current schemes can be used to prevent
fraud in future schemes administered by BBB on behalf of BEIS.</li></ul>
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