Met to brief industry on fraud

The Metropolitan Police will warn the finance industry this Thursday that it stands to lose 1bn per year through fraud.

At a special briefing at New Scotland Yard, Tarique Ghaffur, assistant commissioner for specialist crime directorate at the Metropolitan Police, will announce a initiative intended to seriously disrupt criminal activity.

This will operate in conjunction with a big industry stakeholder, whose identity will be revealed on Thursday.

Also speaking at the briefing will be Paul Goggins MP, minister for organised crime, James Hart, commissioner with the City of London Police, and Mike Lambourne, a manager at the Office of Fair Trading.