Criminals in the UK targeting the payments industry are not
having it all their own way thanks to the Dedicated Cheque and
Plastic Crime Unit (DCPCU), a specialist police unit dedicated to
combating organised gangs responsible for much of the country’s
card and cheque fraud.
The DCPCU, which celebrated its seventh year in operation on 29
April, can lay claim to considerable success which since its
inception includes:
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• Achieving more than £315 million ($470 million) in savings from
reduced fraud activity;
• Recovering 45,000 counterfeit cards;
• Recovering just under 290,000 compromised card numbers; and
• Securing 240 convictions on fraud related matters.
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By GlobalData“The unit’s track record over the past seven years speaks for
itself,” said DCPCU commanding officer Detective Chief Inspector
John Folan of the City of London Police.
“Our work continues to seriously disrupt the organised gangs
responsible for this type of crime and, when coupled with fraud
prevention savings in excess of £315 million, it is clear the DCPCU
has become a powerful asset in the fight against fraud.”
Over the past year, the DCPCU has had added backing from the work
of the Payments Industry and Police Joint Intelligence Unit
(PIPJIU), which was set up In March 2008. The PIPJIU is an enhanced
intelligence unit that gathers information on fraud, which is then
analysed and shared amongst banks and police throughout the
country.
The PIPJIU was created out of the amalgamation of the banking
industry’s Fraud Intelligence Bureau, the body that formerly
distributed information between the banking industry and law
enforcement throughout the UK, and the intelligence section of the
DCPCU.
For the banking industry which fully funds the DCPCU to the tune of
about £5 million it is clearly money well spent.
“The banking industry is delighted by the continuing success of the
DCPCU. Their outstanding work provides an excellent example of how
a joint public/private partnership can work together,” said Sandra
Quinn, director of corporate communications at payments industry
body APACS
“Not only does the unit stand on its merits as a successful model
for other countries to follow, but it provides real benefit when
tackling the organised criminal gangs behind financial fraud.”
