Welcome to the news section of the Financial Fraud Action UK website

In this section you will find the latest news and information from FFA UK.

Counterfeit fraudster sentenced to five years

September 30, 2016

A fraudster has been jailed for five years and four months after running a counterfeiting factory from his home. James Koma, aged 49, of Belvedere, Kent, was jailed by a judge at the Old Bailey today. When officers from the Dedicated Card and Payment Crime Unit (DCPCU) raided Koma’s house in May, they found significant items which could be used in the counterfeiting and production of cheques and counterfeit identity documents.

Fraudsters sentenced in £120,000 bank scam

September 30, 2016

Two fraudsters have been sentenced for their involvement in the theft of £120,000 from a bank customer’s account. Police from the Dedicated Card and Payment Crime Unit (DCPCU) are now appealing for information which could help identify two women linked to the crime. Established in April 2002, the DCPCU has since achieved an estimated £479 million in savings from reduced fraud activity.

Financial fraud incidents up 53 per cent in first half of 2016

September 20, 2016

More than 1 million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK) today (20th September 2016). Representing a 53 per cent increase compared to the same period last year, this means an incident happened in the UK every 15 seconds between January and June 2016.

FFA UK response to ONS crime figures

July 21, 2016

A response to the publication of crime statistics by the Office of National Statistics today (Thursday) by Katy Worobec, Director of Financial Fraud Action UK

FFA UK backs call to catch ten wanted fraudsters

July 19, 2016

Financial Fraud Action UK and the industry-sponsored Dedicated Card and Payment Crime Unit are pleased to be working with the City of London Police and the National Crime Agency, through the Joint Fraud Taskforce, who today call on the public’s help in catching ten wanted fraudsters.

Apprentice cashier sentenced for fraud

June 30, 2016

An apprentice cashier who defrauded customers has been sentenced to 33 months in prison, following a Dedicated Card and Payment Crime Unit investigation.

Arrests in card fraud operation

June 17, 2016

Eleven people were arrested in a joint Dedicated Card and Payment Crime Unit (DCPCU) and Visa Europe operation proactively targeting remote purchase fraud, which saw the banking industry and retailers share live data for the first time.

Gang jailed for £400,000 fraud

June 9, 2016

Two bank insiders and the money launderers behind a series of frauds totaling over £400,000 have been sentenced to a total of 17 years in jail following a successful operation by the Dedicated Card and Payment Crime Unit (DCPCU).