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Written question asked by Anneliese Dodds (Labour) on Tuesday, 25 June 2019, in the House of Commons. It was due for an answer on Monday, 1 July 2019 (named day). It was answered by John Glen (Conservative) on Monday, 1 July 2019 on behalf of the Treasury.

Economic Crime Strategic Board

Question

To ask the Chancellor of the Exchequer, what consultation his Department undertook in determining private sector representation on the Economic Crime Strategy Board.

Answer

The Economic Crime Strategic Board’s membership comprises senior representatives from the organisations – in both public and private sectors – most critical to tackling economic crime. This includes representatives from government departments, law enforcement, regulators and the banking, legal, accountancy and real estate sectors. The decision to have private sector representation reflects the regulated sector’s role as the first line of defence against economic crime.

The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. It does not perform any role in determining regulators’ or law enforcement’s operational response to economic crime.

Civil society and academic institutions have been consulted in the development of the Economic Crime Plan, a draft of which will be considered at the Board’s next meeting on 10th July. Following publication of the Plan, the government will be reviewing the overall governance for economic crime. This review will consider how civil society should be best engaged.

Secondary information

Type
Written question
Reference
269130
Session
2017-19
Grouped for answer
Yes
Subjects
Private sector Public consultation Economic Crime Strategic Board
Link
View this Written question on www.parliament.uk