Insolvency Service launches five-year strategy to combat economic crime
The Insolvency Service has launched its investigation and enforcement strategy for 2026–31, significantly expanding its role in tackling economic crime. The strategy outlines three core objectives: enforcement of the UK insolvency framework, Companies Act 1985 enforcement and addressing company-facilitated economic crime. The Insolvency Service will implement artificial intelligence and advanced analytics while expanding its cryptoasset expertise to combat money laundering and sophisticated financial wrongdoing. The Service's recent performance demonstrates its effectiveness, with 77 criminal convictions, over 1,000 director disqualifications, and £4m in compensation secured in 2024–25.