Economic Crime Strategic Board

(asked on 25th June 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether representatives from (a) academic institutions and (b) civil society were invited to sit on the Economic Crime Strategy Board.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 1st July 2019

The Economic Crime Strategic Board’s membership comprises senior representatives from the organisations – in both public and private sectors – most critical to tackling economic crime. This includes representatives from government departments, law enforcement, regulators and the banking, legal, accountancy and real estate sectors. The decision to have private sector representation reflects the regulated sector’s role as the first line of defence against economic crime.

The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. It does not perform any role in determining regulators’ or law enforcement’s operational response to economic crime.

Civil society and academic institutions have been consulted in the development of the Economic Crime Plan, a draft of which will be considered at the Board’s next meeting on 10th July. Following publication of the Plan, the government will be reviewing the overall governance for economic crime. This review will consider how civil society should be best engaged.

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