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Written question asked by Phil Brickell (Labour) on Wednesday, 25 March 2026, in the House of Commons. It was due for an answer on Monday, 13 April 2026. It was answered by Dan Jarvis (Labour) on Monday, 13 April 2026 on behalf of the Home Office.

Economic Crime: Finance

Question

To ask the Secretary of State for the Home Department, what assessment her Department has made of the potential merits of establishing a multi-year ringfenced Economic Crime Fighting Fund to help ensure that assets recovered from the proceeds of crime and from related fines are reinvested into law enforcement agencies.

Answer

The Government recognises the significant harm caused by economic crime and remains fully committed to ensuring that law enforcement agencies have the resources they need to tackle this threat effectively.

The Home Office already provides substantial and sustained funding for economic crime enforcement through existing mechanisms, including the Asset Recovery Incentivisation Scheme (ARIS) and the Economic Crime (Anti-Money Laundering) Levy. ARIS enables a proportion of recovered assets to be reinvested directly into frontline asset recovery work, while the Levy provides multi‑year funding to strengthen anti‑money laundering capabilities across the system. The Levy provides a sustainable source of funding to tackle economic crime, and was raised at Budget 2025 to provide an additional c.£110m annually.

In December 2025, the Government published its Anti‑Corruption Strategy, which sets out a whole of government approach to tackling corruption, illicit finance and kleptocracy. The Strategy includes a clear commitment to explore options for strengthening economic crime funding, recognising the importance of sustainable resourcing to deliver these objectives. The Government will publish the new Economic Crime Plan 2026–29 in Summer 2026, bringing together the Government’s economic crime strategies in a single strategic framework and setting out its approach to sustainable funding.

Secondary information

Type
Written question
Reference
124024
Session
2024-26
Subjects
Finance Proceeds of crime Economic crime
Link
View this Written question on www.parliament.uk