Big words - Economic Crime Plan 2.0

A million pounds for every mention of a new strategy, performance framework, collaborative working and other project management terms in the second iteration of the UK Economic Crime Plan, covering 2023-26, might well sum to more than the £200 million investment promised by Government to end of the financial year 2024/25 - plus the other £200 million extracted, some might say extorted, from businesses subject to the Money Laundering Regulations, through the Economic Crime Levy. But the fact is, it's not that much - generously, 0.4% of the more than £100 billion which the National Crime Agency says there is a "realistic possibility" is "laundered every year through the UK or through UK corporate structures".

Timon Molloy (timon.molloy@lloydslistintelligence.com), Editor

A million pounds for every mention of a new strategy, performance framework, collaborative working and other project management terms in the second iteration of the UK Economic Crime Plan, covering 2023-26, [1] might well sum to more than the £200 million investment promised by Government to end of the financial year 2024/25 - plus the other £200 million extracted, some might say extorted, from businesses subject to the Money Laundering Regulations, through the Economic Crime Levy. [2] But the fact is, it's not that much - generously, 0.4% of the more than £100 billion which the National Crime Agency (NCA) says there is a "realistic possibility" is "laundered every year through the UK or through UK corporate structures".