Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made on the implementation of the business plan for the Economic Crime Strategic Board, announced in January 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, which includes senior representatives from the public and private sectors, was established to deliver a joint public-private response to tackle economic crime. The Board will set priorities, direct resources and scrutinise performance against the economic crime threat.

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 will set out 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.

Since January, ongoing official-level work has taken place between the public and private sectors to deliver these products for the Board’s next meeting in July.