Fraud Regulators
Below is a list of organisation actively working to prevent fraud.
Action Fraud
Action Fraud is run by the NFA to make it easier for members of the public and small businesses to report cases of fraud, and to receive support and fraud prevention advice. Victims can speak to a trained advisor or use an online web-reporting tool to record their crime. Those who report a fraud requiring an immediate response will be referred directly to the police force or other most appropriate organisation.
City of London Police (COLP)
The impact of the City of London is far wider than the Square Mile inhabits. More than 450 international banks are sited here, it is the recognised world centre for the insurance industry and home to the headquarters of countless multi-national corporations.
The world’s leading business and financial centre demands a bespoke police force, which is equipped to protect and support this unique environment, and to meet head-on the policing challenges it represents. This force is the City of London Police.
The City of London Police is the Lead Force for fraud, giving them responsibility for setting up a centre of excellence for fraud investigation across the UK.
National Fraud Intelligence Bureau (NFIB)
The National Fraud Intelligence Bureau (NFIB) is looking for criminals who are often known but hide the extent of their crime. To find these offenders, the NFIB needs to see the reports of fraud that can help identify them. To achieve this, a range of data sources have been identified from a number of different streams.
Millions of fraud reports are being transferred to the NFIB hub, built in Gloucestershire and accessed from the City of London Police. These reports are ingested into a data warehouse and, using analytical software, studied to identify patterns in offending. NFIB analysts and police officers will assess and measure the relevant data against set criteria. Frauds identified as having viable leads are passed to a police force or other law enforcement organisation best placed to capitalise on this information. The law enforcement body is responsible for deciding how to use this information, whether it be to launch a full investigation or take some disruptive action.
Operation Sterling
Operation STERLING, a Metropolitan Police Service, takes a pro-active partnership approach to reducing opportunities for, and combating, economic crime. Part of its aim is to dispel the myth that fraud is a victimless crime.
Serious Organised Crime Agency (SOCA)
SOCA tackles serious organised crime that affects the UK and our citizens. This includes Class A drugs, people smuggling and human trafficking, major gun crime, fraud, computer crime and money laundering.
The UK Cards Association
The UK Cards Association is the leading trade association for the cards industry in the UK. With a membership that includes all major credit, debit and charge card issuers, and merchant acquiring banks, our role is both to unify and represent the UK card payments industry.