Financial Fraud Action UK is the name under which the financial services industry co-ordinates its activity on fraud prevention, representing a united front against financial fraud and its effects.
Financial Fraud Action UK works in partnership with The UK Cards Association on industry initiatives to prevent fraud on credit and debit cards, with the Fraud Control Steering Group on non-cards fraud matters and the Cheque and Credit Clearing Company on credit clearing and cheque fraud.
The UK Cards Association is the leading trade association for the cards industry in the UK. With a membership that includes all major credit, debit and charge card issuers, and card acquiring banks, the role of the Association is both to unify and represent the UK card payments industry. It is responsible for formulating and implementing policy on non-competitive aspects of card payments including codes of practice, fraud prevention, major infrastructural changes, development of standards and other matters where cross-industry benefits are identified. More information about The UK Cards Association is available at www.theukcardsassociation.org.uk.
The Fraud Control Steering Group is an unincorporated association of financial institutions who participate in retail banking and the payments market in the UK.
It is responsible for formulating and implementing policy and ensuring a co-ordinated industry approach to fighting payment, cheque and lending fraud.
The Cheque & Credit Clearing Company (C&CCC) is the industry body that manages the cheque clearing system in Great Britain, including the processing of bankers drafts, building society cheques, postal orders, warrants and government payable orders. Its wide remit also covers the management of the systems for clearing paper bank giro credits and euro-denominated cheques. C&CCC shares information with Financial Fraud Action UK regarding fraudulent activity in the cheque and credit clearing world. More information about The Cheque & Credit Clearing Company (C&CCC) is available at www.chequeandcredit.co.uk
The Dedicated Cheque and Plastic Crime Unit (DCPCU) is a squad of specialist
police officers and civilian staff set up in April 2002 to tackle the organised gangs responsible for much of the UKs card and cheque fraud. It is fully sponsored
by the banking industry.