The Insolvency Service has a new investigation and enforcement strategy to tackle economic crime.
The Insolvency Service is the government agency that administers compulsory liquidations, investigates financial misconduct and disqualifies unfit directors from holding office.
It now plans to step up its corporate crime-fighting activities.
The agency will also step up efforts to tackle money laundering through hiring experts in cryptoassets, seizing more criminal proceeds of crime and expanding its intelligence functions. These teams were crucial in recent progress tackling networks of overseas criminals using shell companies registered in the UK.
Specialist investigators will also continue to investigate covid-19 bounce back loan…