UK to launch new fraud intelligence unit
Daily news headlines
LONDON – A dedicated fraud intelligence division has been launched in the UK by the Home Office, payments association Apacs and the banking industry to more efficiently combat retail banking fraud. Police said the division would be operational immediately.
The new Payment Industry and Police Joint Intelligence Unit (PIPJIU) will form a new division of the Dedicated Cheque and Plastic Crime Unit (DCPCU), merging the banking industry's current liaison unit – the Fraud Intelligence Bureau (FIB) – and the intelligence section of the DCPCU.
Police say banks’ annual investment in the new intelligence unit, the DCPCU and the introduction by Apacs of a new fraud intelligence sharing system (FISS) has reached £5 million per year.
DCI John Folan, head of DCPCU, says: “With this increased funding and a wider remit, our primary objective is to build on the already successful work undertaken by the banking industry and the DCPCU in combating fraud.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email