Since the publication of the previous CCAB Economic Crime Manifesto we have worked closely with government to address the areas of concern.
Progress has been promising with proposed reforms to Companies House to introduce identity verification for company directors, and a raft of initiatives from the UK’s Economic Crime Plan including developing strong public-private and private-private partnerships, SARs (Suspicious Activity Reporting) IT transformation and reform and expanding public-private information sharing.
We are pleased to see what has been achieved in the economic crime arena, but more must be done to build and maintain the UK’s resilience to this damaging and widespread crime.