Source · Select Committees · Foreign Affairs Committee
Second report - The cost of complacency: illicit finance and the war in Ukraine
Foreign Affairs Committee
HC 168
Published 30 June 2022
Recommendations
5
Accepted in Part
Para 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 …
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Government Response Summary
The government cites the Economic Crime Levy and Spending Review 21 settlement, representing £400 million over three years, including £100 million per year through the Economic Crime Levy. The allocation round will take place this financial year and will include funding for the Suspicious Activity Reports (SARs) reform program, which will increase intelligence capabilities in the National Crime Agency (NCA).
Foreign and Commonwealth Office
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