Tackling Economic Crime

Tackling Economic Crime

With 2024 being the biggest election year in history, many governments will be looking at how they can progress the fight against economic crime.

Tackling Economic Crime has been released as part of STEP’s policy engagement work with governments and international bodies, to help inform discussion on this crucial topic, particularly where it pertains to trusts and similar arrangements. It provides expert analysis on the application and effectiveness of existing measures, and practical recommendations on how to address the gaps.

We believe that STEP has a key role to play in tackling economic crime. As lawyers, accountants, fiduciaries and other practitioners who specialise in trusts and estates, our members’ significant practical expertise can assist in creating workable and effective solutions.

The report notes that measures taken so far have led to a huge amount of information being reported globally, which could be highly effective in identifying and deterring financial crime. STEP believes the focus now needs to be on reviewing and improving the quality, administration and use of that information to ensure efficiency and effectiveness.

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Acknowledgements

Thank you to STEP’s Public Policy Committee, who authored this report. In particular, thank you to Samantha Morgan TEP, our lead author, for all her work on this, and to committee members Geoff Cook TEP (Chair), Mark Summers TEP (Deputy Chair), Tony Pitcher TEP, Javier Canosa TEP, Toby Crooks TEP, Pamela Cross TEP, Stella Kammitsi TEP, Joseph Kellogg TEP, Bock Eng Sim TEP, Philippa Stokes TEP, Charles Tee TEP and Bruce Zagaris TEP for all their input.

Tackling Economic Crime at STEP's Global Congress, 2025
'Tackling Economic Crime' will feature at STEP's Global Congress on 25-26 February 2025 in Rome, Italy.

Panellists including Fabrizia Lapecorella of the OECD, David Lewis of Kroll and report author Samantha Morgan of RMW Law will consider the report's findings and the next steps in the fight against financial crime.
Register today