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18 October 2024
Issue: 8090 / Categories: Legal News , Fraud , Regulatory , Financial services litigation
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NLJ this week: Economic crime plan

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In his debut column for NLJ this week, crime silk Jonathan Fisher KC, of Red Lion Chambers, looks at the vexed problem of fraud, now accounting for 40% of all crimes committed in England & Wales

The myriad nature of economic crime and the complexities of disclosure where there is a high volume of digital material make this a difficult problem to solve. The government is currently investigating ways and means to do so—so what changes can we expect?

Fisher explores how the government might set about tackling this area. He writes: ‘A new economic crime plan will probably be published by the Home Office in the coming months.’

MOVERS & SHAKERS

NLJ Career Profile: Stephen Ward, The Barrister Group

NLJ Career Profile: Stephen Ward, The Barrister Group

From mowing lawns to life at the Bar: Stephen Ward reflects on an unconventional career

Clarke Willmott—Ben Loosemore

Clarke Willmott—Ben Loosemore

Commercial property partner joins Clarke Willmott in Southampton

Ellisons—Robert Tiffen

Ellisons—Robert Tiffen

Robert Tiffen joins Ellisons as Partner in growing Norwich office

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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