Card fraud unit celebrates 5th year
April 27, 2007 by admin
Filed under News, News-Credit-Cards
Apacs, the UK payment association, is celebrating the fifth anniversary of one of the UK’s leading anti-fraud squads.
The Dedicated Cheque and Plastic Crime Unit (DCPCU) was established in 2002 with the task of cracking down on cheque, debit and credit card fraud.
Since it was first introduced, initially as a two-year pilot, the DCPCU has been responsible preventing £130 million worth of fraudulent activity and secured 156 convictions.
Apacs and its member banks sponsor the specialist police unit and the organisation says that the DCPCU plays a massive role in reducing fraud.
“The Dedicated Cheque and Plastic Crime Unit has been an important initiative to cut fraud over the last five years and I am delighted at the successes they have had,” said Home Office minister Vernon Coaker.
“The banking industry must also take credit for these successes. Their financial support for this unit provides an excellent example of how a public/private partnership can work together to create a valuable addition to law enforcement when tackling organised financial crime.”
The DCPCU’s fifth birthday falls on April 29th 2007.
