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<p>The National Economic Crime Centre (NECC) is part of a new, wider, "whole
system" approach which will deliver a significant improvement in the UK's response
to serious and organised crime. For the first time, the NECC brings together law enforcement
and justice agencies, government departments, regulatory bodies and the private sector
with a shared objective of driving down serious organised economic crime, protecting
the public and safe-guarding the prosperity and reputation of the UK as a financial
centre.</p><p>The NECC was formally launched on 5 November 2018. The government recognises
that the NECC forms an integral part of an enhanced system-wide response to tackling
economic crime. For financial year 2019/20, the government has committed an additional
£48 million investment to tackle illicit finance. This investment will fund the development
of new capabilities including the NECC. Funding for financial years 2020-21 and 2021-22
will be subject to the outcome of the spending review.</p>
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