LONDON'S METROPOLITAN POLICE SERVICE (MPS) put on a one-day operation in the UK capital today to battle the growing financial crime facing online businesses.
Launched at 8am, the Met police's 'war on economic crime' includes 300 separate operations taking place in each one of London's 32 boroughs under what it is calling Operation Stimtone.
The operation will seek to arrest criminals taking part in ID theft and online retail crime.
"People who steal from businesses or their employers are on the MPS radar and can expect a visit from officers," the MPS warned in a statement this morning.
"Many people routinely order products over the internet. The MPS will be working closely with the British Retail Consortium today and beyond to catch and arrest people who hijack online shopping accounts for their own gain."
The MPS said that Operation Stimtone is about taking the profit out of crime and letting criminals know that it will pursue them to recover their criminal gains.
By 3:30pm, it tweeted that it had made a total of 112 arrests as a result of recovering counterfeit currency, chip and pin readers and stolen bank cards.
Leader of the investigation Commander Allan Gibson said in a statement that the operation is meant to show communities that criminals who comfortably live off the proceeds of their crimes are being brought to justice.
"We are determined to make sure crime does not pay but criminals do. Working together we are stronger and we can get the better of criminals," he added. µ