Saturday, July 22, 2006

Great Britain Creates National Fraud Squad to Fight Organized Crime and Terrorists

There is a lot of evidence pointing to the fact that terrorists and organized criminals are involved in the business of fraud. In Great Britain, they are taking measures to address this problem.

Michael Smith of the Sunday Times reports:

"A NATIONAL fraud squad is being set up to tackle organised crime and to choke off funding for terrorists."

"The unit will act like the old Scotland Yard murder squad, being dispatched to forces lacking the manpower or expertise to investigate fraud."

"Lord Goldsmith, the attorney-general, will announce proposals tomorrow for the City of London police economic crime unit to take responsibility for investigating fraud throughout England and Wales."

"A national reporting centre is to be set up to collect intelligence on links between financial crime and terrorists. The National Fraud Intelligence Bureau will link the police and other government investigators with databases provided by the banks, insurance and credit card companies to cut the more than £14 billion annual cost of fraud."

For the full report by Michael Smith, link here.

Recently, the head of the RCMP (Royal Canadian Mounted Police) made a plea for additional funding to do the same thing.

Link, here.

And the FBI has been saying this for at least a couple of years now.

Link, here.

Here is the previous post, I did on that matter:

Do Financial Crimes and Internet Fraud Fund Terrorism

My only comment is that a lot of experts seem to agree on this.

Fraud is no longer a "low level" crime done by small time con artists and teenagers!

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