Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime, Sanctions, UK

NEWS: UK to recruit 475 fincrime investigators, spend £500M on economic crime tech and PPPs and ‘seize £1BN in criminal assets,’ government announces

ECONOMIC CRIME PLAN: Among the raft of measures announced by the UK's Home Secretary Suella Braverman were plans to we are investing £100 million in cutting edge technology, including data analytics, to equip law enforcement with the tools they need to stay one step ahead. A new multi-agency crypto cell will also be established that combines law enforcement and regulators to pool expertise and more effectively identify, seize and store illicit crypto assets.

BRITAIN today (Thurs) published its long awaited Economic Crime Plan with plans to recruit 475 new fincrime investigators, a £500M spend on fighting economic crime and a greater reliance on PPPs and technology. There was also a pledge to recover £1BN in criminal assets in the next 10 years. Officials said the package was targeting…

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