29th June 2021
A 45-year-old woman and 47-year-old man have been arrested on suspicion of illegal money lending and money laundering offences, following an operation in Huddersfield.
The England Illegal Money Lending Team (IMLT) working in partnership with West Yorkshire Trading Standards Service and West Yorkshire Police executed warrants at two addresses this morning, Tuesday, 29th June.
Officers seized cash and documentation during searches of the properties.
The suspects remain in police custody where they are being questioned.
Tony Quigley, Head of the Illegal Money Lending Team, said: “Loan sharks are notorious for preying on vulnerable people in financial hardship. This criminal behaviour will not be tolerated in Yorkshire and we will continue to work with our partners to eradicate illegal money lenders in communities.
“We urge victims of loan sharks to contact us in confidence on 0300 555 2222 and help us bring these unscrupulous lenders to justice.”
Linda Davis, West Yorkshire Trading Standards Manager, said: “The work of the Illegal Money Lending Team is critical to protecting vulnerable people within our communities. This is even more so during a time of widespread economic uncertainty where increased vulnerability, isolation and financial insecurities create greater opportunities for loan shark activities. We welcome the Team’s work across West Yorkshire, protecting our communities and supporting victims of illegal money lending.”
Nationally, Illegal Money Lending Teams have secured more than 400 prosecutions for illegal money lending and related activity, leading to 586 years’ worth of custodial sentences. They have written off £83 million worth of illegal debt and helped over 30,000 people.
To report a loan shark and access specialist support, call the 24/7 confidential helpline on 0300 555 2222, email firstname.lastname@example.org or complete an online form at www.stoploansharks.co.uk.
For media enquiries, please contact IMLT Operations Manager Cath Wohlers on 07500 809339 or email email@example.com.
Notes to editors:
The Illegal Money Lending Teams in England, Scotland and Wales work alongside the Financial Conduct Authority (FCA) to investigate those operating within the consumer credit market without the appropriate authorisation.
The Illegal Money Lending Teams in England and Wales work in partnership with local Trading Standards Authorities in their related countries. They consist of specialist officers who investigate and prosecute illegal money lending and related activity and LIAISE officers who support victims and raise awareness of the dangers of borrowing from illegal money lenders.