The fight against fraud: A critical review and comparative analysis of the Labour and Conservative government’s anti-fraud policies in the United Kingdom

Umut Turksen, Nicholas Ryder

Research output: Contribution to journalArticle

Abstract

This paper concerns the fight against fraud, by questioning what financial
crime is and the relevance of its countering. In this context, the critical review of the Labour and Conservative government’s anti-fraud policies in the United Kingdom move from the assumption that initially international efforts to tackle financial crimes have concentrated mainly on money laundering and terrorist financing, even if any financial crime almost certainly has an adverse impact on the relevant economies.
The Authors shows that UK has a strong history of utilising financial intelligence as part of its broader financial crime strategy, anyway they conclude that the policy adopted by the Conservative government towards fraud has been heavily influenced not by legislation, but by the imposition of record amounts of financial penalties, the introduction of deferred prosecution agreements, budgetary cutbacks, the creation of the National Crime Agency (NCA), the expanding remit of the Home Office and numerous broken promises.
Original languageEnglish
Pages (from-to)369-403
Number of pages35
JournalLaw and Economics Yearly Review
Volume4
Issue number2
Publication statusPublished - 2015

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offense
labor
money laundering
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intelligence
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economy
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Cite this

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abstract = "This paper concerns the fight against fraud, by questioning what financialcrime is and the relevance of its countering. In this context, the critical review of the Labour and Conservative government’s anti-fraud policies in the United Kingdom move from the assumption that initially international efforts to tackle financial crimes have concentrated mainly on money laundering and terrorist financing, even if any financial crime almost certainly has an adverse impact on the relevant economies.The Authors shows that UK has a strong history of utilising financial intelligence as part of its broader financial crime strategy, anyway they conclude that the policy adopted by the Conservative government towards fraud has been heavily influenced not by legislation, but by the imposition of record amounts of financial penalties, the introduction of deferred prosecution agreements, budgetary cutbacks, the creation of the National Crime Agency (NCA), the expanding remit of the Home Office and numerous broken promises.",
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