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PARLIAMENTARY WRITTEN QUESTION
Economic Crime (25 January 2022)

Question Asked

To ask the Chancellor of the Exchequer, what his Department’s budget has been for tackling fraud, scams and economic crime in each of the last five years.

Asked by:
Pat McFadden (Labour)

Answer

HM Treasury takes a flexible and dynamic approach to resourcing to meet Government priorities. We have teams delivering priority work including economic crime reform. However, we do not routinely record the number of full time equivalent civil servants who work on individual policy initiatives.

Most of the responsibility for tackling fraud and economic crime is led by the Departments tasked with delivering Government policy. Investigations and enforcement activities are also undertaken by regulatory or enforcement agencies, including the Financial Conduct Authority and National Crime Agency respectively. The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, ensures financial sanctions are properly understood and enforced and investigates all reported suspected breaches.


Answered by:
John Glen (Conservative)
1 February 2022

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