As part of the government’s reforms to policing and the fight against serious and organized crime, I have decided to close the National Fraud Authority and realign its responsibilities to reflect the creation of the National Crime Agency.
The National Crime Agency, with its Economic Crime Command, will bring a single national focus to cutting economic crime and will lead and coordinate the national fight against fraud, working with law enforcement agencies, regulators, government and the public, private and voluntary sectors. While the National Fraud Authority has been successful in raising awareness of fraud and improving co-ordination, the focus should now be on cutting economic crime. The National Fraud Authority will close by 31 March 2014 and its functions will be transferred as follows:
The closure of the National Fraud Authority will strengthen the government’s fight against economic crime by concentrating effort into law enforcement bodies and improving the fraud reporting and analysis service. The changes will further support the National Crime Agency’s role in leading the fight against serious and organized crime.