Dormant Bank and Building Society Accounts Bill [HL]

I think I am on my own on this issue. I think this may be a fraudster’s charter. It is rather like someone who finds or steals a mobile phone and finds that there is a code that blocks him making any calls on it. He sits there for a long time playing with the numbers until eventually he cracks the code. Are not a lot of fraudsters going to move in on this register who will keep on applying under different names to try to get hold of the money? I also have concerns about whether charities will spend a disproportionate amount of their time trying to get into these accounts because they think there may be some money for them when they might be better not doing anything and accepting that the charitable sector in general will benefit from what happens.