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The UK government’s first Economic Crime Plan (2019–2022) delivered a range of measures relating to anti-money laundering, asset recovery and corporate transparency. Since July 2019, CFCS has been working to support the formulation of the government’s second Economic Crime Plan and its future Fraud Strategy through the provision of roundtables, technical expertise and expert commentary.
Since the launch of the UK government’s second Economic Crime Plan (2023-2026) in March 2023, CFCS will continue to provide technical support and expertise to government during the lifetime of the plan and provide expert external commentary on its progress to increase accountability for its delivery on a range of measures to reduce money-laundering, fraud and sanctions evasion and increase the recovery of criminal assets.
This project is funded by the Open Society Foundation.
Aims and objectives
The overarching aim of this project is to provide a strong evidence base for economic crime in the UK and to provide technical expertise to ensure that the implementation of government measures reduces the attractiveness of the UK as a global hub for money laundering and fraud.
The project has two key objectives. First, it aims to support evidence-based policymaking by providing impartial, technical input to officials and parliamentarians through workshops and working groups, targeted policy papers and informal advice.
The second objective is to increase independent scrutiny of the delivery of UK economic crime reforms through expert commentary, media engagement and the provision of evidence to parliamentary committees.
The project has also worked with partners to establish the Civil Society Organisation Steering Group, which inputs coordinated civil society positions on key issues to the ministerially chaired Economic Crime Steering Board. CFCS also works as a member of the civil society Illicit Finance Working Group.
What Should the Second Economic Crime Plan Focus On?
Our series of thought leadership videos focuses on key themes under the UK Government’s Economic Crime Plan.