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’:

  1. Understanding the Threat and Performance Metrics,
  2. Better Information-Sharing,
  3. Powers Procedures and Tools,
  4. Enhanced Capabilities,
  5. Risk-Based Supervision and Risk Management,
  6. Transparency of Ownership, and
  7. 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

Our team of solicitors has considerable experience in supporting, advising and guiding clients facing serious investigation of all types and, where necessary, defending any resultant criminal proceedings.

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