About the Scottish Illegal Money Lending Unit
Who we are
The Scottish Illegal Money Lending Unit (SIMLU) is part of Trading Standards Scotland and works in partnership with other agencies and organisations across Scotland to help to eradicate the scourge of illegal money lenders, often known as loan sharks. The SIMLU consists of specialist officers who investigate allegations of illegal money lending and related activity, submitting reports to the Procurator Fiscal as appropriate. The team also provide support for victims of illegal money lending and raise awareness of the dangers of borrowing from loan sharks.
Illegal moneylenders or loan sharks, are those who lend money to people without the valid credit authorisation.
Loan sharks prey on the most vulnerable people in society and cause immense misery. Prior to the team’s existence, illegal money lending was largely a hidden crime and local authorities lacked the resources, specialist skills and training needed to tackle it effectively. The practice of illegal money lending is generally linked to other serious organised criminal activity.
Find out more about the work of the Scottish Illegal Money Lending Unit in our podcast: