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UK’s fragmented anti-money laundering system “needs re-ordering” warns Treasury Committee

The Treasury Committee in Parliament has just published the unanimously-agreed ‘Report on Economic Crime: Anti-Money Laundering Supervision and Sanctions Implementation’ in which the Committee’s constituent members state that a more precise estimate of the sheer...
Posted On 19 Mar 2019
Chris Bostock
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Chris Bostock joins risk advisory specialist Deloitte as financial crime practice director

Risk advisory business Deloitte has appointed Chris Bostock as a director within the company’s financial crime practice. With over 15 years’ experience, Bostock joins from the economic crime team at the National Crime Agency (NCA) where he was the threat lead for money...
Posted On 20 Feb 2019
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Government’s Counter-Terrorism and Border Security Bill receives Royal Assent

New laws affording the UK greater powers to crack down on hostile state activity have received Royal Assent. The Counter-Terrorism and Border Security Act 2019 also ensures sentencing for certain terrorism offences can properly reflect the severity of the crimes, as well as...
Posted On 14 Feb 2019
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Home Secretary and Chancellor to chair Task Force aimed at tackling economic crime

Home Secretary Sajid Javid and Chancellor Philip Hammond are jointly chairing a new Government-led Task Force which will work with senior figures from the UK’s financial sector to tackle economic crime. The enormous scale of this type of crime – which includes fraud,...
Posted On 14 Jan 2019
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Fighting Cyber Crime: The Partnership Approach

There’s plenty of evidence to suggest that neither the business community nor the police service have effectively prioritised their response to cyber crime. Indeed, a 2016 Institute of Directors survey of businesses found that only 57% had a cyber or information security strategy...
Posted On 02 Jan 2019
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National Economic Crime Centre launched by Security Minister Ben Wallace

Ben Wallace, the Minister of State for Security and Economic Crime, has formally launched an ambitious new partnership to fight economic crime. The National Economic Crime Centre (NECC) has begun its work with a clear mission to protect the public, prosperity and the UK’s...
Posted On 12 Nov 2018
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Conservative Government introduces all-new Serious and Organised Crime Strategy

The Conservative Government has pledged to tackle the misery caused by serious and organised criminals by drawing on all the powers, tools and expertise the UK has to offer. Ben Wallace, Minister for Security and Economic Crime, has stressed in a detailed speech that preventing...
Posted On 05 Nov 2018
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City of London Police and Lloyds Banking Group announce three-year partnership in joint bid to fight economic crime

The City of London Police, the national policing lead force for countering fraud, has signed a partnership agreement with the Lloyds Banking Group which will see the latter invest £1.5 million in unique policing initiatives designed to tackle economic crime. The money will be...
Posted On 27 Aug 2018
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National Crime Agency awarded £8 million-plus in fight to tackle serious and organised crime

The National Crime Agency (NCA) has been awarded more than £8 million as part of the Government’s investment in the UK’s fight against serious and organised crime. As part of the Police Transformation Fund, the Home Secretary Sajid Javid has approved up to £70 million in...
Posted On 16 Aug 2018
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Detail underpinning all-new Government Counter Fraud Profession unveiled by Cabinet Office

Chloe Smith, Minister for the Constitution, has announced a new central Government Profession to be launched on Tuesday 9 October for specialists working to fight fraud and economic crime. The Government Counter Fraud Profession (GCFP) will create a new community of counter fraud...
Posted On 30 Jul 2018