More than £8 million of investment over the next three years will
be spent on strengthening the SFO's intelligence and
information-gathering work and continuously expanding the
agency's use of technology to assist with disclosure.
The extra funding, which is in addition to the £9.3 million of funding
announced in the Budget, will be used to bolster SFO's
intelligence capabilities so it can proactively identify and
progress the biggest and complex economic crimes.
The Attorney General KC said:
“Fraud and serious economic crime destroy people's finances and
hurts the reputation of doing business in the UK.
“This government is committed to kick-starting economic growth
and this additional funding to SFO will modernise their services
to tackle serious economic crime, while continuously improving
their capabilities to seize assets and make returns to the
taxpayer.”
Nicholas Ephgrave QPM, Director of the Serious Fraud Office,
said:
“This settlement, which provides long-term funding for the
Serious Fraud Office recognises the essential work we do in
tackling the most serious economic crimes and safeguarding
the UK economy so it can continue to thrive.
“This settlement will allow us to invest in our intelligence
capability, expand our investigative reach and strengthen our
ability to recover criminal assets, including crypto assets,
wherever they may be.”
For background
