23
There may be scope for the Government to consider whether the FCA should be given...
Conclusion
There may be scope for the Government to consider whether the FCA should be given more powers to enable it to investigate fraud and financial crime. We will continue to consider this as part of our Economic Crime inquiry.
Paragraph Reference
125
Government Response
Not Addressed
Government Response
Not Addressed
HM Government
Not Addressed
The Government takes fraud very seriously. The Treasury continues to work closely across Government, and with industry, regulators and law enforcement, to close down the vulnerabilities that fraudsters exploit and ensure members of the public have the information they need to spot a scam and stand up to fraudsters. As part of the Government’s ongoing work to tackle fraud the Home Office is developing an ambitious Fraud Action Plan, which will be published after the 2021 Spending Review. The plan will consider any potential legislative or regulatory change required to ensure we can effectively tackle fraudulent activity in the round.
Source
Committee
Treasury Committee
Report
Fourth Report - The Financial Conduct Authority’s Regulation of London Capital & Finance plc
24 Jun 2021
HC 149
Addressee Bodies
HM Treasury
Timeline
Recommendation age
4.9 yrs
Report published
24 Jun 2021