Impressive Effort From UK Fraud Squad Cannot Match Last Year's Bonanza

An industry-funded anti-fraud unit in the UK has doubled its success in bringing down organised crime groups, preventing £6.8m of fraud in the first half of 2019, although the amount of actual fraud prevented has dropped.

The Dedicated Card and Payment Crime Unit (DCPCU) announced on Thursday it has brought down 13 organised crime groups in the first half of the year, seizing £330,000 of assets and convicting 39 fraudsters.

The DCPCU, which operates in a partnership between UK Finance, the City of London Police and the Metropolitan Police, has been operational since 2002 and is funded by banks and other financial institutions in the UK.

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