A 42-year-old woman from Woodbridge has been arrested on suspicion of illegal money lending.
Working in partnership with Suffolk Trading Standards and Suffolk Constabulary, the England Illegal Money Lending Team executed a warrant at an address in the town today.
Officers searched the property and seized documents and electronic devices.
The suspect was then taken into custody for questioning. She has since been released under investigation, pending further enquiries.
Tony Quigley, head of the Illegal Money Lending Team, said: “We would like to thank our partners for working with us on this operation and inquiries will continue.
“We would urge anyone who has any knowledge about illegal money lending in any area across England to get in touch with us."
A recent report published by the Centre for Social Justice estimated that more than one million people currently owe money to illegal money lenders in the UK.
The Illegal Money Lending Team will be celebrating its 20th birthday this year after supporting more than 90,000 people and writing off over £91 million.
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