Overview
- The government commits about £250 million over three years to enforcement, public awareness and expanded victim reporting.
- Operational steps include a new public‑private Online Crime Centre, an expanded Stop Think Fraud campaign and the national rollout of the Report Fraud service.
- Crypto firms serving UK consumers are slated for full FCA supervision by 2027, with HM Treasury’s digital‑asset regime scheduled for October 2027.
- The plan builds on earlier FCA marketing curbs, while the National Crime Agency and Serious Fraud Office receive support to strengthen cryptoasset investigations.
- Evidence cited includes Chainalysis’ estimate of up to $17 billion sent to scam‑linked crypto addresses in 2025 and a U.S. strike force reporting $580 million in seizures and freezes over three months, with most fraud affecting UK victims said to originate overseas.