Baroness Chakrabarti
Main Page: Baroness Chakrabarti (Labour - Life peer)Department Debates - View all Baroness Chakrabarti's debates with the Cabinet Office
(2 years, 11 months ago)
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Baroness Chakrabarti (Lab)
My Lords, in 2018 the National Economic Crime Centre was launched to tackle fraud and money laundering. Has it brought a single prosecution? We read reports of banks having potentially forged customers’ signatures on court documents to repossess homes and businesses. Have the NECC or the FCA brought a single investigation? Is the Minister content with this state of affairs?
Lord Agnew of Oulton (Con)
My Lords, the National Economic Crime Centre leads and co-ordinates the UK’s response to economic crime. Prosecutions for economic crime are pursued by the National Crime Agency and other enforcement partners. Annually, some 7,900 investigations, 2,000 prosecutions and 1,400 convictions take place in connection with money laundering-related activities.