Government plans in the Queen’s Speech for a clampdown on scams and a tailoring of financial services regulation post-Brexit were among measures welcomed by business groups.
In a speech delivered for the first time by the Prince of Wales, the government set out a legislative programme of 38 bills.
An Economic Crime and Corporate Transparency Bill was welcomed by the trade body UK Finance as “critical in helping to address money laundering and the growth in fraud and scams, which are now the most prevalent type of crime in the UK”.