The Financial Services Authority is tapping brokers to help combat mortgage fraud in the U.K, Mortgage Strategy reports.

The regulator is working to encourage greater collaboration and coordination among key participants to toughen the industry's defenses against this threat.

The FSA has today published guidance for brokers on its Web site.

It says brokers must realize they are responsible for reporting any wider suspicions of fraudulent activity, or examples of poor practices resulting in potential fraud that have come to their notice.

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