A woman has been arrested on suspicion of illegal money lending, following an operation in Rotherham last week.
The Trading Standards Yorkshire and the Humber illegal money lending team executed a warrant at a property in the Canklow area, seizing documentation and a substantial amount of cash.
The 37 year-old woman has been charged with illegal money lending and proceeds of crime offences. She is in custody being questioned by officers from the team.
The anti-loan shark operation was supported by Rotherham Council.
Cabinet Member for Safe and Attractive Neighbourhoods, Councillor Jahangir Akhtar, said: “We at Rotherham Council work closely with Trading Standards to ensure that any illegal money lenders who are brought to our attention are dealt with swiftly. This is a great result for us and we hope it serves as a warning to anyone else who is lending money illegally.
“Crimes like this, which not only affect some of the most vulnerable in our society, but often great chunks of a community, need to be stamped out as soon as possible.”
Nationally, the Stop Loan Sharks project has so far helped more than 13,500 victims, written off more than £25 million of illegal debt, seized and confiscated more than £2.5 million and secured more than 61 years in prison sentences for illegal lending and related criminal offences.
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