Treasury Committee publishes response to fraud, scams and economic crime report

The Treasury Committee has published responses from the Government, FCA and PSR to its report on economic crime.  The key message is that the Government is creating a second Economic Crime Plan which it will publish later this year. It is supportive of Companies House reform, but disagrees that anti-fraud enforcement should be the responsibility of any single department or body.

The Committee said it was pleased that the Government has now taken the initiative on fraudulent adverts in the Online Safety Bill but says online platforms have to step up to take action while the legislation is going through.