City of London Police and Lloyds Banking Group announce three-year partnership in joint bid to fight economic crime

The City of London Police, the national policing lead force for countering fraud, has signed a partnership agreement with the Lloyds Banking Group which will see the latter invest £1.5 million in unique policing initiatives designed to tackle economic crime.

The money will be allocated to several projects over a three-year period, with the goal being to strengthen the UK’s financial capabilities to detect criminals and protect members of the public and businesses alike. For example, the partnership will deliver cross-training of financial investigators with the intention of sharing Best Practice and expertise across both organisations. This will enhance capability in the detection, prevention and awareness of economic crime.

In addition, a programme of secondments and exchanges between the City of London Police and the Lloyds Banking Group will take place, thereby helping investigators and analysts to better understand criminal methodologies and banking practices and how this affects law enforcement.

During the three-year period, an economic crime panel of experts will be established, which will allow for a group of volunteer specialist economic crime advisors to come together and share expertise and Best Practice.

Alistair Sutherland, the City of London Police’s assistant commissioner, 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 in order to prevent economic crime from ruining lives and businesses. This sponsorship agreement will help us with that aim.”

Brian Dilley, Lloyds Banking Group’s director of fraud and financial crime prevention, stated: “This is an important partnership with the City of London Police and part of Lloyds Banking Group’s commitment and priority of keeping our customers’ money safe. By working collaboratively under a public-private partnership, Lloyds Banking Group and the City of London Police will be more effective in reducing the harm caused to our communities by criminals.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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