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Home > Regulation > UK Regulation

By Donia O'Loughlin | Published Aug 24, 2012

Economic crime costs UK £73bn a year

Economic crime is now estimated to cost the UK more than £73bn per year, causing direct harm to the economy and people nationwide, the City of London police has revealed.

The City of London Police is the national police service lead for economic crime. The force investigates a wide range of complex, high value and high profile economic crimes, some of which involve abuse of financial markets and cyber security-related criminality.

Recognising that economic crime investigators’ knowledge of financial markets and 21st century technology would be complemented by consulting those actively engaged in these areas, the force is seeking experts to volunteer on a consultancy basis within its Economic Crime Directorate.

Ian Dyson, City of London police commander, said: “We investigate some of the most complex and high value frauds in the UK, cases that are being made more intricate by evolving financial markets and constantly advancing technology.

“To effectively tackle this type of criminality and bring those responsible to justice we’re seeking experts in these fields to work with us as volunteer consultants.

“This arrangement will assist our investigators unpick the locks set up to undertake and conceal frauds, and provide volunteers with the opportunity to enhance their skills through a unique and rewarding experience.”

Businesses with corporate social responsibility schemes will have the opportunity to support their employees as volunteer consultants.

An open evening on Wednesday 26 September will further explain the type of work the force does, how volunteer consultants can help, and the benefits of getting involved for both individuals and corporate entities.

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