Economic Crime | Government Proposals | Kangs Economic & Complex Crime Solicitors
The Government has responded to the ever increasing threat of serious and organised economic crime by particularising a plan for the next three years; the Economic Crime Plan 2019 – 2022 (‘the Plan’).
Timothy Thompson of Kangs Solicitors briefly outlines the proposals.
What is Economic Crime? | Kangs Serious and Organised Crime Defence Solicitors
The term ‘Economic Crime’ is broad in definition and embraces criminal activity ranging from low-level frauds through to sophisticated cyber-enabled market manipulation.
Examples include:
- fraud against the individual, private sector and public sector
- terrorist financing
- sanctions contravention
- market abuse
- corruption and bribery
- the laundering of proceeds of crime.
The Plan | Kangs Fraud Prevention Solicitors
Statistic show that serious and organised crime is estimated to cost the UK at least £37 billion each year. The Plan details the importance of providing a robust response to such criminal activity.
The Plan details seven ‘Strategic Priorities’:
- Understanding the Threat and Performance Metrics,
- Better Information-Sharing,
- Powers Procedures and Tools,
- Enhanced Capabilities,
- Risk-Based Supervision and Risk Management,
- Transparency of Ownership, and
- The International Strategy.
Each of the Strategic Priorities contains a number of action plans, the organisation responsible for progressing each action and the deadline for which the action is to be completed.
How Can We Help? | Kangs Economic Crime Defence Solicitors
At Kangs Solicitors we have a national reputation for defending criminal prosecutions of all types including the most complex regulatory offences. Our team is led by Hamraj Kang who is recognised as a leading expert in the field. He is one of only two solicitors nationally to be ranked as a ‘star individual’ for four consecutive years in the legal directory Chambers & Partners.
Other members of the team are ranked in the Legal 500 and also ranked in Chambers & Partners.
Please feel free to contact our team through any of our solicitors named below, who will be happy to provide you with some initial advice and assistance.
Hamraj Kang
hkang@kangssolicitors.co.uk
07976 258171 | 020 7936 6396 | 0121 449 9888
John Veale
jveale@kangssolicitors.co.uk
0121 449 9888 | 020 7936 6396
Tim Thompson
tthompson@kangssolicitors.co.uk
020 7936 6396 | 07989 521210
Suki Randhawa
srandhawa@kangssolicitors.co.uk
0121 449 9888 | 020 7936 6396
