City of London Police

CoLP reports £649m lost to investment fraud in 2024, with 66% tied to cryptocurrency scams, as fraudsters increasingly exploit social media and impersonate trusted figures

by Jyotsna Bucktowar | Apr 8, 2025

Criminals exploited social media platforms and fake celebrity endorsements to run increasingly sophisticated cryptocurrency scams across the UK in 2024, with the CoLP reporting that younger victims were disproportionately affected as total losses from investment fraud...

The City of London Police reports that over £28.7 million was lost to courier fraudsters in the past year, with individuals in their 80s being the most frequent target

by Jyotsna Bucktowar | May 28, 2024

People in their 80s are most likely to be targeted by criminals carrying out courier fraud, with this age range accounting for 43 per cent of all victims, data from Action Fraud shows…

AML Intelligence: Former bank employee suspected of recruiting 40 money mules for ‘Black Axe’ industrial fraud gang

by Jyotsna Bucktowar | May 8, 2024

The suspect, aged in his 20s, was working for a well known bank within the EU when police identified him. Detectives allege he recruited around 40 money mules for the criminal organisation and was allegedly involved in withdrawing money from some of these...