Jessica Fino 13 Mar 2017 12:34pm

Cabinet Office to review economic crime agencies

Civil servants within the Cabinet Office are examining the national-level response to economic crime, including the effectiveness of its organisational framework, and the capabilities, resources and powers available

Organisations that deal with economic crime include HMRC, the Serious Fraud Office (SFO) and the Financial Conduct Authority. 

The home secretary Amber Rudd said in December 2016 that the Cabinet Office would be launching a review into the UK’s response to all types economic crimes, not only bribery and corruption.

The Cabinet Office has said that all options will be considered including how to improve joint working between all enforcement agencies. It will be announcing any measures resulting from the internal review “in due course”.

A spokesperson for the SFO said of the review, “We are cooperating fully with and contributing to this exercise.”

Earlier this year, the annual Crime Survey for England Wales by the Office of National Statistics (ONS) found that fraud is the most commonly experience offence in the country.

The inclusion of fraud and computer misuse offences caused the overall estimated number of crime figures to reach 11.8 million in the year ended September 2016, up from 6.6 million the year before.