Report warns of missed opportunities by police in the fight against economic crime in the UK

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Report warns of missed opportunities by police in the ****** against economic ****** in the ***

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Deviant acts never justified – 2011 and 2023 studies. Credit: Journal of Economic Criminology (2024). DOI: 10.1016/j.jeconc.2024.100090

Despite soaring levels of economic ******, police forces are not fully utilizing the vast resources and expertise available in the private and not-for-profit sectors, warns a new report.

The study is

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in the Journal of Economic Criminology.

Economic ****** has reached unprecedented levels over the past decade, putting immense pressure on police resources already stretched thin by limited budgets and growing responsibilities.

Experts from Perpetuity Research and the Centre for Cybercrime and Economic ****** at the University of Portsmouth say law enforcement agencies are not taking full advantage of the specialized skills, knowledge, and manpower that exist within the private and not-for-profit sectors.

The private sector, particularly banks, insurance companies, and other financial institutions, employ thousands of professionals dedicated to anti-****** efforts. Similarly, not-for-profit organizations offer specialized knowledge and tools that could bolster public policing efforts.

However, the report suggests this wealth of expertise ******** largely invisible and untapped by police forces, representing a massive, wasted opportunity in the ****** against economic ******. The authors point out that to their knowledge, no central repository of this information existed before they mapped it out as part of their research.

Co-author, Professor Mark Button, Director of the Centre for Cybercrime and Economic ****** at the University of Portsmouth, said, “Although there are some great examples of collaboration between the police and these sectors, most efforts have been limited to simple data sharing. This has left much of the potential for stronger, more meaningful partnerships untapped, making it ******* for law enforcement to tackle the complex and changing nature of economic ****** effectively.”

A study released last month by the University of Portsmouth estimated that 26% of adults in the *** (14 million) commit at least one economic ****** a year.

The research—which was cited in The Department for Work and Pensions (DWP) annual report (pg. 104)—explored how attitudes towards certain “deviant acts” have changed over time by comparing the results of a 2011 study of 2,000 adults with the results of a 2023 study of 1,000 adults.

The new report outlined a number of barriers to ******-working, which must be addressed by police to help improve the approach to tackling economic ******. Interviews with stakeholders revealed some significant hurdles, including divergent objectives, mistrust, and a general reluctance to share information due to concerns about breaching Data Protection regulations and jeopardizing competitive advantage.

These challenges have prevented the development of more robust engagement at all levels that could increase the risks for a range of economic ****** offenders.

Dr. Janice Goldstraw-White, Lead Researcher for Economic ****** at Perpetuity Research, said, “It is clear that the police are facing an uphill battle against the rising tide of economic ******, while the private and not-for-profit sectors possess a vast reservoir of largely untapped resources.

“There exists significant potential for enhanced collaboration between these sectors. By not leveraging these resources, the police are missing a critical opportunity to strengthen their response to economic ****** and better protect the public.”

The report urges law enforcement agencies to rethink their approach and proactively engage more strategically with external partners. By doing so, they could unlock a wealth of untapped resources, including specialized knowledge, additional funding, and innovative solutions that are currently being developed outside of the public sector. This would enhance the ability of the police to combat economic ******, protect the public, and improve overall policing outcomes.

More information:
David Shepherd et al, The dishonest disposition and everyday economic criminality of the British public, Journal of Economic Criminology (2024).

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Provided by
University of Portsmouth

Citation:
Report warns of missed opportunities by police in the ****** against economic ****** in the *** (2024, September 30)
retrieved 30 September 2024
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#Report #warns #missed #opportunities #police #****** #economic #******

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