Crossword Genius

One million lost in crime: swindle getting convictions (5)

Ross

I believe the answer is:

credo

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'one million lost in crime swindle getting convictions' is the definition.
I can't tell whether this defines the answer.

'one million lost in crime swindle' is the wordplay.
'one million' becomes 'im' (resembles 1m, 1 million).
'lost in' indicates named letters should be taken away.
'swindle' becomes 'do'.
'crime' with 'im' taken out is 'cre'.
'cre'+'do'='CREDO'

Can you help me to learn more?

(Other definitions for credo that I've seen before include "conviction" , "Part of the service" , "Words to live by; belief" , "music in church" , "Set of beliefs about leftist circle" .)

I've seen this clue in The Times.
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