Crime squad officers and financial investigators executed eight warrants at addresses across the borough, as part of Operation Stimtone.
Over £60,000 was seized and one man arrested by police in Kensington and Chelsea on Wednesday.
Crime squad officers and financial investigators executed eight warrants at addresses across the borough, as part of Operation Stimtone.
Officers seized various computer equipment, passports and other documents believed to be used in crime and worked with investigators from the local authority to arrest a man on suspicion of committing benefit fraud.
In the largest day of action the Metropolitan Police Service has ever put together to tackle criminals by investigating their finances, over 1,300 police officers hit the streets of London.
By the end of the day, police across London made over 175 arrests and seized approximately £348,000 under the Proceeds of Crime Act.
Officers targeted key figures in criminal networks, gang members and street-level offenders, involved in offences including drug dealing, trafficking, prostitution, money laundering
Detective Chief Inspector Rhys Willis from Kensington and Chelsea said: “Operation Stimtone is about taking the profit out of crime and letting criminals know that together with our partners, we will pursue them, recover their criminal gains and bring them before the courts.”
Around 200 financial investigators will examine financial data – they will also work to identify individuals who have assisted criminals.
MPS commander, Steve Rodhouse, who is leading Operation Stimtone 2, said: “They make billions of pounds from crime every year and it is their countless victims who pay the price – both literally and in respect of the emotional, mental and physical impact on them.
“When we take away criminals’ money, we take away a lot of their capability and motivation to commit crime.”
If you know anyone living off money from crime, call police on 101, or call Crimestoppers anonymously on 0800 555 111.
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