On 16 July 2025, the Insolvency Service unveiled a new five-year strategy, heralding a significant expansion of its role in the fight against economic crime. The Insolvency Service, underpinned by the new powers and funding granted to it in the Economic Crime and Corporate Transparency Act 2023 (ECCTA), is seeking to take a more proactive, interventionist role in insolvency-related wrongdoing and in doing so is anticipated to become a central actor within the UK’s enforcement framework for economic crime.
A new enforcement mandate
Historically, the Insolvency Service’s focus has been on core insolvency offences:
- bankruptcy restrictions;
- director disqualification; and
- prosecutions directly linked to insolvency proceedings.
The newly…