The London police, in cooperation with an international law firm, are launching a program aimed at assisting fraud victims, emphasizing the importance of asset recovery.
Goals of the New Program
The program, led by the City of London Police in partnership with Gowling WLG, aims to initiate civil asset recovery related to organized crime.
How the Pilot Project Works
The announcement follows a successful pilot project where an elderly woman with Alzheimer's lost over £2 million to fraud. This case highlights the need for proactive protections for victims to reclaim their funds.
Importance of Supporting Fraud Victims
Bríd Holden from Gowling WLG expressed hope that the collaboration would draw attention to fraud victims' challenges and lead to increased reporting of such crimes. Detective Chief Inspector Craig Mullish stressed the importance of addressing the impacts of financial losses on victims.
The initiative aims to provide a structured approach to compensating fraud victims while tackling organized crime, highlighting the necessity of support for those affected.
