---
title: UK Publishes Economic Crime Plan 2
description: The UK Government has published the Economic Crime Plan 2, setting forth the nation’s approach to improving effectiveness of money laundering regulations
---

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# [UK Publishes Economic Crime Plan 2](https://www.plenitudeconsulting.com/news-insights/uk-publishes-economic-crime-plan-2)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Apr 10, 2023 2:17:00 PM

The plan announces the Government’s objectives to:

- Reduce money laundering and recover more criminal assets;
- Combat kleptocracy and drive down sanctions evasion;
- Cut fraud;
- Reduce the threat international illicit finance poses to the UK and UK interests;
- Underpin system reforms and capabilities.

To deliver the Government objectives, significant measures will be taken, including:

- The appointment of 475 financial crime investigators, targeting money laundering and asset recovery;
- A new ‘Crypto Cell’ combining law enforcement agencies and regulators to tackle the criminal abuse of cryptoassets;
- An expanded “Combatting Kleptocracy” cell to target corrupt elites, their money and enablers;
- A new approach to public-private prioritisation aimed at maximising the sharing of resources to prevent, detect and disrupt economic crime;
- The ambitious reform of the UK’s supervisory regime to encourage greater information and intelligence sharing;
- New state-of-the-art technology that would provide law enforcement with greater information access;

[View full post](https://www.plenitudeconsulting.com/news-insights/uk-publishes-economic-crime-plan-2)

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