Economic Crime Strategic Board

(asked on 24th June 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether extending the failure to prevent criminal offence for bribery to other economic crimes, such as fraud and money laundering, will be discussed at the economic crime strategy board meeting on 10 July 2019.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 27th June 2019

The Economic Crime Strategic Board, co-chaired by the Chancellor and the Home Secretary, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.

In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the UK’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.

The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.

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