Detectives are investigating claims of fraud within the Police Federation of England and Wales.
Its vice chairman, Will Riches, has resigned but no reason for his departure has been revealed.
The body said it was working with Surrey Police who are leading the investigation into "potential fraudulent activity" surrounding accounts held by its Constables' Central Committee.
The federation, which represents police officers from the ranks of inspector, sergeant and constable, said in a statement: "On Tuesday 15 March, the Police Federation of England and Wales contacted Surrey Police to ask them to investigate potential fraudulent activity relating to accounts held by the federation's Constables' Central Committee.
"The issue was identified by the PFEW itself and we are fully co-operating with their initial investigation which is being undertaken to determine whether any offences have been committed.
"Until those inquiries are complete it would be inappropriate to comment further."
The investigation began on Tuesday and is focused on accounts held by one of the federation's national committees.
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