PM States Review of UK Response to High-Level Financial Crime by Cabinet – 1st September 2017

The Prime Minister has asked officials to provide internal advice by the end of the summer after the Cabinet Office’s review of the UK’s response to high-level economic crime. The project has looked at the Financial Conduct Authority (FCA) and other agencies. “Building on existing work to strengthen the UK’s response to economic crime, such as the Criminal Finances Act 2017, I have asked the Cabinet Office to examine the UK’s response to economic crime more broadly,” The PM said. May was responding to a prompt from Nicky Morgan, new chair of the Treasury Committee, requesting an early reply to her predecessor Andrew Tyrie’s April 2017 request for information about the review. The project has looked at the largest UK agencies involved in investigating high value or complex economic crime, May said in her letter. They include the FCA, the National Crime Agency, the Serious Fraud Office and the City of London Police.



Alex Davidson, Regulatory Intelligence