Pilot scheme uses proceeds of crime to fight fraud

UK Police have joined forces Lloyds Banking Group to test a new scheme that will use the proceeds of crime to invest in projects that fight against fraud and support victims. The bank announced this week that the first part of the frozen money amounts to around £7 million. The money has been captured by the bank’s specialist money mule hunting team.

Read more at independent.co.uk

Source: riskscreen.com