Source · Select Committees · Foreign Affairs Committee
Recommendation 5
5
Paragraph: 15
The Government cannot afford to rely on rhetoric if it is to deliver on its...
Recommendation
The Government cannot afford to rely on rhetoric if it is to deliver on its commitment to tackle illicit finance. Without the necessary means and resources, enforcement agencies are toothless. If the UK is to protect its reputation as a global financial centre, it is essential that legitimate businesses can have trust in the integrity of our institutions. The threat illicit finance poses to our national security demands a response that is seen to be serious. To that end, we repeat the call for a substantial increase in funding and expert resourcing for the National Crime Agency, Serious Fraud Office and other responsible agencies.
Paragraph Reference:
15
Government Response
A response document is linked to this report, dated 26 October 2022. Response attribution to this conclusion has not been verified. Read the response document ↗