(3 years, 2 months ago)
Commons ChamberThank you, Mr Speaker. May I take this opportunity to place on the record my gratitude to you, to the Prime Minister and the Government, to Opposition parties, to the whole of Parliament and to the brilliant team at the Attorney General’s office for all of their work, which enabled me to take that precious time with my baby? On behalf of my family, may I say that we are incredibly grateful?
The Crown Prosecution Service and the Serious Fraud Office both play a crucial role in tackling financial crime. In 2020-21, the CPS prosecuted more than 6,500 defendants for fraud and forgery, with a conviction rate of 85.6%, and the SFO secured successful judicial outcomes in 84% of cases over the past four financial years.
It is now estimated that 86% of reported fraud is cyber-related. I am concerned that the CPS, the SFO and Action Fraud need the right skills and sense of urgency to deal with this rising crime, which has devastating effects on people’s lives. Can my right hon. and learned Friend update the House on that?
My hon. Friend rightly highlights the significant increase in cyber-crime. I am particularly interested in the issue, and last year I addressed the Cambridge International Symposium on Economic Crime and outlined that cyber-crime is a key priority for this Government. That is why in March this year the CPS launched its first ever economic crime strategy, to ensure that it remains ahead of the changing nature of this complex crime.
(4 years, 7 months ago)
Commons ChamberThis is an important issue. Sadly, criminals are looking to take advantage of the vulnerable during this pandemic. It is shameful and disgusting, but sadly it is a fact of life. We recognise the threat posed, and that is why the CPS and the police have published a joint charging protocol that makes it clear that covid-related fraud will be a priority for an immediate charging decision. I am glad that, as a result, we have already seen some successful prosecutions of such offences.
We all welcome the enormous packages of support that the Treasury has put together for businesses and individuals, but clearly there is the prospect of fraud by people applying to some of those schemes. Has my right hon. and learned Friend had discussions with the Treasury on those matters?
As the Chancellor of the Exchequer made clear in his announcements, the unprecedented level of support for businesses and those in financial difficulty has sadly raised the risk of fraud on the Exchequer, which is of course fraud on the taxpayer. There will be those who try to play the system, to make false claims and, frankly, to defraud and deceive. The Cabinet Office counter-fraud function is leading the work to minimise the risk, and the CPS has been fully engaged with this vital work.