Source · Select Committees · Treasury Committee
Recommendation 11
11
Accepted
Paragraph: 58
There may be many reasons for low prioritisation of economic crime by crime- fighting agencies.
Conclusion
There may be many reasons for low prioritisation of economic crime by crime- fighting agencies. It does not happen in the street, but often in people’s homes. Consumers often, apart from inconvenience, do not suffer directly, since they may be repaid by banks. But these are not reasons to not engage more forcefully with the problem.
Government response summary AI-generated
The government believes economic crime is a priority for law enforcement, highlighting increased investment of £400m, powers for law enforcement agencies to seize the proceeds of crime, enhanced ability to sanction individuals, and increased law enforcement investigative capacity.
Paragraph Reference:
58
Government Response
The government responded to this report on 28 April 2022. No passage in that response could be matched to this conclusion. Read the response document ↗