Ten years since it was established, the banking industry police has managed to thwart fraudsters to the tune of £400 million.
The unit which is charged with tackling UK card and cheque fraud crime is known as the Dedicated Cheque and Plastic Crime Unit (DCPCU).
The figures from the UK Cards Association show the success that the force has had since it was launched in April 2002.
Since its inception, the DCPCU has:
The unit, which includes officers from the City of London and Metropolitan police forces, is fully sponsored by the banking industry, with almost £5 million a year invested in the operation.
The UK Cards Association says that the work of the unit has 'undoubtedly contributed to the current downward trend in card fraud losses'.
Card losses amounted to £341 million in 2011 - a 44% decrease over the past three years (losses were £609.9 million in 2008).
"The success we've had in cracking down on card and cheque fraud over the past ten years is down to very effective collaboration," said Detective Chief Inspector Paul Barnard, who heads up the DCPCU.
"By working hand-in-hand with the banking industry and other police forces we continue to disrupt the organised gangs committing these crimes, sending out a strong message to them that they will be caught and brought to justice."
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