Second report - The cost of complacency: illicit finance and the war in Ukraine

Select Committee
Foreign Affairs Committee HC 168 30 June 2022
Report Status Government responded
Conclusions & Recommendations 17 items (11 recs)
Source View on Parliament website
Government Response (AI assessment · 17 of 17 classified)
Accepted 9
Accepted in Part 1
Acknowledged 5
Deferred 2
Government response
Third Special Report - The cost of complacency: illicit finance and the war in Ukraine: Government Response to the Committee’s Second Report · published 26 Oct 2022
Read the government response ↗ Response on the tracker
Clear

Recommendations & Conclusions

1 results
5 Recommendation Accepted in Part
Para 15
The Government cannot afford to rely on rhetoric if it is to deliver on its...
Recommendation
The Government cannot afford to rely on rhetoric if it is to deliver on its commitment to tackle illicit finance. Without the necessary means and resources, enforcement agencies are toothless. If the UK is to protect its reputation as a … Read more
Government Response Summary
The government cites the Economic Crime Levy and Spending Review 21 settlement, representing £400 million over three years, including £100 million per year through the Economic Crime Levy. The allocation round will take place this financial year and will include funding for the Suspicious Activity Reports (SARs) reform program, which will increase intelligence capabilities in the National Crime Agency (NCA).
Foreign, Commonwealth & Development Office
View Details