So is the new UK Police Central e-crime Unit (PCeU) announced recently really the disbanded National High-Tech Crime Unit rising to fight again?

Tying into another new database, the long-overdue National Fraud Reporting Centre (NFRC), the new body has £7.4 million to spend over three years, precious little but better than nothing many will say. And all this after a period of around 2 years when the work of the old NHTCU was supposed to have been taken up by the Serious Organised Crime Office (SOCA), but somehow wasn't.

So we've gone from the underfunded, small but world famous NHTCU to the SOCA, which dropped the c-crime ball because it had other things to worry about, and now we're back to a new organisation, the PCeU, which has a few quid to spend plugging the gap.

It's absolutely true that the NHTCU wasn't remotely an Internet equivalent of a police station into which victims of electronic crime could pop to report matters, but it did do useful thing such as helping to support prosecutions of real Internet criminals. It's not correct to say that this stopped happening with the end of the NHTCU - the Metropolitan Police took up some of the strain - but it did have one unfortunate consequence - cross-border cooperation appeared to slow down or even stop.

What we're left with now is a unit that still looks light on funds pending looking for "support from industry partners," whatever that means. There are many measures against which the new unit will assessed, but the most important of these is its ability to forge meaningful ties with police forces in other countries.

If banking and finance needs global bodies then the battle against crime - and international Internet crime in particular - is no exception to that new rule.