Fraud

What we said

We said we would

  • Focus our efforts on the issues that are the greatest threats to the City’s communities and businesses.
  • Address serious organised criminality.
  • Engage with our residents, workers, businesses and financial regulators to determine their priorities around tackling fraud.
  • Adopt a collaborative approach where possible to address the economic crime threat.
  • Continue to engage with police and crime commissioners and the National Police Chiefs’ Council regarding the implementation of national economic crime strategies.
  • Continue to work with stakeholders, including the National Crime Agency, and the wider regional, national and international counter-fraud community to protect the City and national interests, and tackle criminals overseas that target the UK.
  • Encourage victims to report fraud and cyber-crime, helping vulnerable victims to receive the help and support they need.
  • Influence and support policy making at a national level.
  • Provide a national investigation capability.
  • Contribute to the national understanding of fraud threats and criminality and developing proactive intelligence and prevention strategies to address it.
  • Run an Economic Crime Academy that educates and provides individuals and businesses with the skills necessary to identify and combat fraud.

What we did

We have

  • Worked closely with partners, the National Crime Agency and other law enforcement agencies to shape the national response to fraud.
  • Successfully prosecuted numerous high profile fraud cases.
  • Successfully investigated large scale frauds operating internationally.
  • Disrupted organised crime groups, reducing the potential harm these groups have on victims.
  • Made effective use of proceeds of crime legislation to deprive criminals of their gains and help make reparations to victims.
  • Extended our pilot of the Economic Crime Victims of Crime Unit, providing specialist support to victims of fraud.
  • Continued to develop our National Fraud Intelligence Bureau and Action Fraud reporting service.
  • Continued to develop our Economic Crime Academy.

Outcome

  • £312,688 value of cash forfeiture orders made under the Proceeds of Crime Act
  • £685,384 value of cash seizures made under the Proceeds of Crime Act
  • £3,238,806 value of cash compensation orders made
  • 171 victims received compensation totalling £1,058,644
  • 74% of victims of fraud satisfied with the overall service provided
  • The Economic Crime Academy delivered 96 courses attended by 1,201. Of the external delegates, 301 were from police forces, 513 from the public and charity sectors, and 229 from 22 private sector organisations.