Economic Crime

Economic Crime

Economic crime costs the UK nearly £7 billion a year and affects all parts of society, including businesses and consumers

The Economic Crime team within UK Finance is responsible for leading the industry’s collective fight against economic crime in the UK, including fraud, anti-money laundering (AML), sanctions, anti-bribery, corruption and cybercrime. 

UK Finance seeks to ensure that the UK is the safest and most transparent financial centre in the world - thus creating a hostile environment for criminals by working with members, law enforcement, government agencies and industry.

We represent our members by providing an authoritative voice to influence regulatory and political change, both in the UK and internationally. We also act as advocates on behalf of members to both media and customers, articulating the industry’s achievements and building its reputation.

We have introduced new procedures between police and bank branches to prevent vulnerable people falling victim to fraud (Banking Protocol), devised and delivered Take Five – a national awareness campaign about the risks of fraud, and developed voluntary standards for payment service providers to follow when processing a claim following an APP scam.

We established the Dedicated Card and Payment Crime Unit (DCPCU), a dedicated police unit paid for by UK Finance.  The DCPCU was created in response to a rapid growth in organised crime and the lack of a dedicated police investigatory capacity.  Our Economic Crime Information  and Intelligence Unit also provides up-to-the-minute information about fraudulent attacks on financial institutions.

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The Economic Crime team seeks to ensure that the UK is the safest and most transparent financial centre in the world


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