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<p>To help increase the number of fraud and money laundering investigations that are
undertaken by the National Crime Agency, the Government is increasing law enforcement
investigative capacity, allocating £400 million to tackling economic crime, including
fraud.</p><p>As announced in the Fraud Strategy, published in May 2023, we are establishing
a new National Fraud Squad, consisting of over 400 new investigators across the NCA,
City of London Police and Regional Organised Crime Units. Investment into the National
Fraud Squad will continue to enhance existing capabilities and increase resources
to better tackle fraudsters who target the UK public and private businesses.</p><p>Furthermore,
in March 2023, the government published the Economic Crime Plan 2 (ECP2), to help
reduce money laundering, as well recover more criminal assets, cut fraud, combat kleptocracy
and drive down sanction’s evasion. ECP2 includes 475 new financial crime investigators
(in addition to those announced in the Fraud Strategy) dedicated to tackling money
laundering and asset recovery. Of the 475 new financial investigators, 198 will be
for the NCA.</p><p> </p>
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