Granted Accredited Financial Investigation Powers to Additional Agencies: Consultation

I intend to lay a statutory instrument before the House next year which will amend the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) Order 2021/640 to ensure that the new powers introduced in the Economic Crime and Corporate Transparency Bill are operational and able to be used by accredited financial investigators.

This SI will also grant accredited financial investigator powers to an additional five agencies. This will bring the total number of agencies with access to these powers to 41 in addition to all police forces and local authorities in England, Wales and Northern Ireland.

Accredited financial investigator powers grant civilians working for that agency access to certain Proceeds of Crime Act 2002 powers, which assist in the effective recovery of proceeds of a crime that falls under that agency’s jurisdiction.

The following organisations have sought access to accredited financial investigator powers:

Security Industry Authority

Food Standards Agency

Environment Agency

Public Sector Fraud Authority

Department for Work and Pensions

I have assessed the value of extending the powers to each of these agencies—in particular whether effective criminal justice outcomes could be reached in their jurisdictions without access to these powers—and I have provisionally concluded that we should seek to grant the powers to all five. However, I intend to seek the views of the wider public as to whether these organisations should be granted these powers.

As such, I am today publishing a consultation for 12 weeks. This consultation will seek to establish the views from the public on whether or not these organisations should be granted the financial investigator powers.

A copy of the consultation document will be placed in the Libraries of both Houses and also made available on www.gov.uk.

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