White Collar Crime

MQT on 2015-03-25
Session date: 
March 25, 2015
Question By: 
Murad Qureshi
Labour Group
Asked Of: 
The Mayor


What resources are the Met putting into fighting white collar crime, for example money laundering, over the next financial year?


Answer for White Collar Crime

Answer for White Collar Crime

Answered By: 
The Mayor

White collar crime will be investigated by all units across the MPS; however, if complex, a central, specialist unit will be assigned to investigate.

At present the MPS has the following specialist resources to tackle Criminal Finance matters:

240 Confiscation Trained Officers (also Financial Investigator)

147 Financial Investigation

104 Financial Intelligence Officers

7 Financial Intelligence Managers

497 - In total (55 currently being recruited)

The officers are attached to various financial investigation teams and will focus on confiscation, restraint and cash seizures. They will also deal with money laundering investigations under specific circumstances.

The MPS has recently invested additional resources into tackling general fraud; this is under the banner of "Falcon". This unit investigates the majority of fraud offences throughout London. The Unit currently has 202 Police Officers (mixture of Detectives and Police Constables, Detective Sergeants and Inspectors).