Ensuring crime doesn’t pay: New Economic Crime Unit to tackle money laundering and carry out financial investigations

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Summary:

The Environment Agency has launched a new Economic Crime Unit to tackle money laundering and financial investigations in the waste sector. The unit, comprising accredited financial investigators, analysts, and officers, aims to ensure that waste management companies operate legally and that criminals are unable to exploit the sector. The unit will focus on account freezing orders, cash seizures, and confiscations, and will collaborate with law enforcement agencies to take tough action against waste crimes. The Economic Crime Unit is part of a broader effort by the Environment Agency to combat waste crime, which includes introducing mandatory digital waste tracking, reforming the waste carriers regime, and increasing enforcement and criminal penalties.