Pressure grows on UK to beef up measures to tackle economic crime

Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute, a thinktank, said: “The weak governance and toothless powers of Companies House enable fraud and economic crime around the world, and right here in the UK. The government’s failure to address this has been brutally exposed by the large-scale Covid loan frauds – money stolen from UK taxpayers as a result of indifference and negligence at the heart of government.”