Banking partnership will fund anti-economic crime projects

More than £1 million has been provided by the banking sector in a new deal with policing to bolster the fight against economic crime.

Aug 20, 2018
By Kevin Hearty

Lloyds Banking Group has agreed to provide £1.5 million over three years to unique police-led projects.

The partnership, signed with City of London Police, aims to strengthen the UK’s ability to detect criminals by training investigators to share best practice across both organisations.

Officers and staff will also be seconded between the force and Lloyds Banking Group to increase their understanding of banking practices and their impact on law enforcement.

A panel of economic crime experts will be set up, allowing specialist volunteer advisors to meet and share their knowledge.

Assistant Commissioner Alistair Sutherland said: “Developing partnerships to tackle fraud is a cornerstone of our overall approach.

“This is a fantastic opportunity to work closely with a highly regarded, international private sector partner and to share our expertise and knowledge.

“We want to do everything we can to prevent economic crime from ruining lives and businesses, and this sponsorship agreement will help us to do exactly that.”

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