Government launches new taskforce to combat economic crime

17 Jan 2019

The government has launched a new economic crime taskforce, which will work to combat fraud, bribery, money laundering and corruption.

The government estimates that economic crime costs the UK 'at least' £14.4 billion per year. In order to tackle this type of crime, a new Economic Crime Strategic Board will be created, and will be chaired by both Chancellor Philip Hammond and the Home Secretary, Sajid Javid.

In order to set priorities, direct resources and scrutinise performance against the threat of economic crime, the Economic Crime Strategic Board intends to meet twice a year. The Board includes chief executives from the UK's largest banking institutions, as well as representatives from trade association UK Finance and the National Crime Agency (NCA).

Commenting on the taskforce, the Chancellor said: 'The UK is leading the world in the fight against illicit finance, preventing fraudsters from stealing billions from the public each year.

'By bringing together specialists across the public and private sector, we can use the best of our expertise to maintain our status as a global financial centre.'

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2024 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited, 52-56 Leadenhall Street, London, EC3A 2EB (Policy Number: 44402654). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.