The Insolvency Service has announced plans to play a more prominent role in the fight against economic crime and be recognised as the UK’s leading authority in enforcing corporate and insolvency standards.
Its new strategy commits the agency to broadening its remit, taking “robust” action against criminals who defraud businesses and taxpayers, and using AI and advanced analytics to combat financial wrongdoing.
The agency will also step up efforts to tackle money laundering through hiring experts in cryptoassets, seizing more criminal proceeds of crime, and continuing to expand its intelligence functions.
Specialist investigators will continue to investigate Covid-19 Bounce…