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£15 million of ‘criminal cash’ seized by police reinvested back into Manchester’s communities
A record-breaking amount of money now back where it belongs.
Emily Sergeant -
11th June 2024 Police have reinvested more than £15 million in cash seized from criminals back into local communities across Manchester.
Over the last financial year, Greater Manchester Police‘s (GMP) Economic Crime Unit – which is made up of police officers, detectives, and other additional staff – have together recovered a whopping total of £15,163,436.27 of ‘criminal’ money.
The Economic Crime Unit is tasked with dealing with complex investigations relating to serious fraud, money laundering, and the confiscating of the finances of those that have profited from crime in Greater Manchester – with each of the teams working within the unit specialising in targeting criminals’ cash in the journey from its seizure, to the recovery of funds in court.
Some of the teams who work as part of the Economic Crime Unit include the dedicated ‘Money Laundering Team’, the ‘Account Freezing Order’ team, the ‘Asset Detention and Recovery’ team, and the ‘Restraint and Confiscation’ team.
#NEWS |Criminal cash given back to communities as we seize over £15 million in the last tax year 💰
— Greater Manchester Police (@gmpolice) June 10, 2024
The unit is made up of a number of teams who target criminal cash in the journey from the seizure of cash to the recovery of these funds in court.
More➡️ https://t.co/5fFyd5YOvq pic.twitter.com/Di03ZFcH9s
By working together as a team, each with a dedicated task at hand, this has meant that the Economic Crime Unit has broken records in the sheer volume of cash it has seized and then recovered for the force throughout this past year.
The seized funds are then used as Asset Recovery Incentivisation Scheme (ARIS) funding to benefit the local communities across our region.
Detective Inspector Sarah Langley, of GMP’s Economic Crime Unit, described the amount of criminal cash seized this financial year as a “significant achievement” for the region, as it not only “disrupts criminals as they look to line their pockets with illicit cash” but it also “directly benefits” communities across Greater Manchester as these funds are being reinvested into “vital” community programmes and services.
“It’s fitting that we recover the money from those individuals who have profited from crime for their own selfish gain, and will now be used to improve our communities in Greater Manchester by giving the funding to those who need it the most,” DI Langley explained.
“Over the last year, we have worked hard to dismantle several criminal networks engaged in money laundering, fraud, and other financial crimes.”
DI Langley said the reinvestment of the seized funds is “so satisfying”.
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She continued: “This year we have recovered over £15 million, and a significant amount has been put back into Greater Manchester, and it’s so satisfying when we can see that our hard work has a difference on the communities we serve.
“This encourages us to get even more money this next financial year.”
Featured Image – GMP
