17th May 2022

Record breaking £101m of fraud prevented by banking and finance industry-funded police unit-UK FInance

A specialist police unit which targets the organised criminal gangs behind fraud prevented a record £101m from being stolen in 2021, the highest amount in the unit’s 20-year history.

The Dedicated Card and Payment Crime Unit(DCPCU) which is funded by the banking and finance industry, is made up of officers from the City of London Police and Metropolitan Police Service and colleagues from UK Finance.

Investigations by the DCPCU during 2021 led to the arrest of 123 suspected criminals and 41 disruptions against 23 organised criminal gangs. 83 criminals were convicted following successful DCPCU operations. The unit also seized over £1.2m of assets.

Several individuals were jailed for their involvement in scams exploiting the COVID-19 pandemic. For example, the unit saw the successful sentencing of an individual who sent out thousands of scam texts claiming to be from the NHS which harvested people’s personal and financial details by offering a COVID-19 vaccination.

Other successful operations by the unit include the sentencing of an organised crime group to a combined total of over eight years in prison for committing benefit fraud, and the jailing of a criminal who committed over £940,000 of fraud through harvesting customers’ details online and via mail theft.

Detective Chief Inspector Gary Robinson, the head of the Dedicated Card and Payment Crime Unit(DCPCU), comments
“The DCPCU is working tirelessly to disrupt the organised criminal gangs behind fraud and protect the public. I am immensely proud of the unit’s investigations which have prevented £101m from going into the hands of criminals, a record amount in our 20-year history.

While criminals will seek out opportunities to defraud the public, our close partnerships with the banking and finance industry and other partners including mobile phone companies and the Crown Prosecution Service have been instrumental in bringing them to justice.”

Katy Worobec, Managing Director of Economic Crime at UK Finance, said “The DCPCU’s impressive results are an important example of the banking and finance industry’s close collaboration with law enforcement on protecting the public from fraud. The unit’s work in tackling organised criminal gangs has stopped stolen money from funding other serious criminal activities, including terrorism, human trafficking and drugs smuggling.

Unfortunately, criminals will continue to try and scam the public, so we urge everyone to follow the advice of our Take Five to Stop Fraud campaign: always take a moment to stop and think before parting with your money or information.”

Commander Nik Adams, from the City of London Police, added
“Criminals used the global pandemic to prey on people’s fears and anxieties to steal their money, and officers from the DCPCU worked relentlessly throughout to protect the public.

The unit continues to go from strength to strength and it is a testament to officers’ hard work that, in the year of their 20th anniversary, they have prevented a record amount of £101m from going into the hands of criminals. A huge well done to the DCPCU.”

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