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Select Committee · Treasury Committee

Economic crime

Status: Closed Opened: 23 Oct 2020 Closed: 28 Jun 2022 36 recommendations 20 conclusions 1 report

This inquiry will review what progress has been made in combatting economic crime since the Committee’s inquiry on the subject in the previous Parliament. This inquiry will have two strands: • Anti-money laundering systems and the sanctions regime • How consumers are affected by economic crime It should be noted that the Committee will not … Show more

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Reports

1 report
Title HC No. Published Items Response
Eleventh Report - Economic Crime HC 145 2 Feb 2022 56 Responded

Recommendations & Conclusions

2 items
5 Recommendation Eleventh Report - Economic Crime Rejected

We recommend that the Government considers whether the governance of the Economic Crime Plan has...

We recommend that the Government considers whether the governance of the Economic Crime Plan has been effective and also whether having such a wide range of departments with responsibilities in this field is the best way to tackle a problem like economic crime. The Government should consider whether policy responsibility … Read more

Government response AI summary
The government believes that a single departmental approach would undermine efforts to tackle economic crime holistically and that the Economic Crime Plan is intended to facilitate progress through coordinated partnership-working between the public and private sectors.
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HM Treasury
9 Recommendation Eleventh Report - Economic Crime Rejected

The number of agencies responsible for fighting economic crime and fraud is bewildering.

The number of agencies responsible for fighting economic crime and fraud is bewildering. Each of the enforcement agencies has other crime-fighting or regulatory objectives, and although the joint working co-ordinated by for example the National Economic Crime Centre is welcome, there is a bigger question about whether there should be … Read more

Government response AI summary
The government believes that a multi-agency approach is the right way to fight economic crime and fraud and that the NECC operates effectively in its role.
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HM Treasury

Correspondence

8 letters
DateDirectionTitle
1 Oct 2021 To cttee Letter from the Chair to Facebook regarding the Economic Crime evidence session…
1 Oct 2021 To cttee Letter from the Chair to Amazon regarding the Economic Crime evidence session, …
1 Oct 2021 To cttee Letter from the Chair to Google, regarding the Economic Crime evidence session,…
1 Oct 2021 To cttee Letter from the Chair to eBay regarding the Economic Crime evidence session, da…
23 Oct 2020 To cttee Letter from Chief Executive and First Permanent Secretary, HMRC, relating to Fi…
23 Oct 2020 To cttee Letter from FCA Chief Executive relating to FinCen Papers, dated 9 October 2020
23 Oct 2020 To cttee Letter from Lord Callanan, Minister for Climate Change and Corporate Responsibi…
23 Oct 2020 To cttee Letter from Rt Hon James Brokenshire MP, Minister of State for Security, relati…

Meetings & visits

1 item
DateTypeDetail
14 Jun 2021 Formal meeting — · Virtual meeting