Economic crime
Treasury Committee
Closed
Inquiry
This inquiry will review what progress has been made in combatting economic crime since the Committee’s inquiry on the subject in the previous Parliament. This inquiry will have two strands: • Anti-money laundering systems and the sanctions regime • How consumers are affected by economic crime It should be noted …
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36
Recommendations
20
Conclusions
1
Report
8
Letters
5
Events
Activity timeline 11 events
28 Apr
2022
2022
2 Feb
2022
2022
Report published
1 Oct
2021
2021
1 Oct
2021
2021
1 Oct
2021
2021
1 Oct
2021
2021
14 Jun
2021
2021
Formal meeting · Virtual meeting
23 Oct
2020
2020
23 Oct
2020
2020
23 Oct
2020
2020
Reports 1 report · click to expand
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| Eleventh Report - Economic Crime | HC 145 | 2 Feb 2022 | 56 | Responded |
Recommendations & Conclusions
4 results
12
Recommendation
Not Addressed
Eleventh Report - Economic Crime
We recommend that, in its response to this Report, the Government sets out the legislation...
We recommend that, in its response to this Report, the Government sets out the legislation which is being worked upon across Government and that is relevant to addressing economic crime, and provides an assessment of the measures that might be …
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Government Response
We recommend that, in its response to this Report, the Government sets out the legislation which is being worked upon across Government and that is relevant to addressing economic crime, and provides an assessment of the measures that might be required to be brought in through an Economic Crime Bill, the timescales for this, and why it has chosen not to bring forward such a bill at this time.
HM Treasury
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32
Recommendation
Not Addressed
Eleventh Report - Economic Crime
A timeline showing when the SARs reform programme milestones are expected to be met, and...
A timeline showing when the SARs reform programme milestones are expected to be met, and an annual progress report on the programme, should be provided to this Committee.
Government Response
The government discusses the Economic Crime (Anti-Money Laundering) Levy, its intention to publish an annual report, and investment in tackling economic crime and fraud, but does not directly address providing a timeline and annual progress report on the SARs reform programme to the Committee.
HM Treasury
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47
Recommendation
Not Addressed
Eleventh Report - Economic Crime
While we acknowledge the need to ensure that the gateway for registration of cryptoasset firms...
While we acknowledge the need to ensure that the gateway for registration of cryptoasset firms for anti-money laundering should be a rigorous process, registration has been too slow. It needs to be speeded up, and the Government should work with …
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Government Response
The response discusses the Economic Crime Levy and government spending on economic crime, which is unrelated to the recommendation about cryptoasset firm registration delays at the FCA.
HM Treasury
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52
Recommendation
Not Addressed
Eleventh Report - Economic Crime
The Government should supply us with details of the project milestones for the Companies House...
The Government should supply us with details of the project milestones for the Companies House transformation programme, together with an annual progress report.
Government Response
The government recognises the importance of delivering Companies House reform and has provided BEIS with £63 million over the Spending Review period to facilitate reforms.
HM Treasury
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Government Response AI assessment · 56 of 36 classified
Accepted
18
Acknowledged
31
Rejected
2
Total
36 recs + 20 conclusions
Correspondence 8 letters
1 Oct 2021
To committee
Letter from the Chair to Facebook regarding the Economic Crime evidence session, dated 1 October 2021
Parliament page
1 Oct 2021
To committee
Letter from the Chair to Amazon regarding the Economic Crime evidence session, dated 1 October 2021
Parliament page
1 Oct 2021
To committee
Letter from the Chair to Google, regarding the Economic Crime evidence session, dated 1 October 2021
Parliament page
1 Oct 2021
To committee
Letter from the Chair to eBay regarding the Economic Crime evidence session, dated 1 October 2021
Parliament page
23 Oct 2020
To committee
Letter from Chief Executive and First Permanent Secretary, HMRC, relating to FinCen Papers, dated 2 October 2020
Parliament page
23 Oct 2020
To committee
Letter from FCA Chief Executive relating to FinCen Papers, dated 9 October 2020
Parliament page
23 Oct 2020
To committee
Letter from Lord Callanan, Minister for Climate Change and Corporate Responsibility, BEIS, relating to FinCen Papers, dated 13 October 2020
Parliament page
23 Oct 2020
To committee
Letter from Rt Hon James Brokenshire MP, Minister of State for Security, relating to FinCen Papers, dated 19 October 2020
Parliament page