New economic crime clampdown ‘just smoke and mirrors’ – Hodge

The Economic Crime Plan 2, which had been originally set for launch last year, will see an extra 475 new financial crime investigators recruited.

The Government has a launched a new three-year plan to crack down on economic crime (Dominic Lipinski/PA) (PA Archive)

The Government has a launched a new three-year plan to crack down on money laundering and economic crime.

However, it has faced accusations by opposition MPs that the delayed strategy is “just smoke and mirrors” and lacks necessary resources.

The Royal United Services Institute (RUSI) also said plans to grow the police force dealing with economic crime were still “not enough to stem a multi-jurisdictional, multi-billion pound threat”.