Illegal Money Lending Teams
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Illegal Money Lending Teams

Illegal money lending (loan sharking) is a criminal offence and often sees unlicensed lenders target vulnerable people. The National Trading Standards Illegal Money Lending Teams in England and Wales investigate and prosecute illegal money lenders. Hosted by Birmingham City Council and Cardiff Council the teams work in partnership with trading standards services across England and Wales.

The teams are made up of specialist investigators and victim support officers from various backgrounds including trading standards, policing and debt advice.

The teams in action

The teams have so far secured hundreds of prosecutions for illegal money lending and related activity and have written off £55 million worth of illegal debt and helped nearly 24,000 people.

Report a loan shark

For more information on how to report a loan shark or illegal money lending please visit www.gov.uk/report-loan-shark

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