This Government are committed to cracking down on fraud. That is why we have confirmed an additional £9.3 million in funding to improve the performance of the Serious Fraud Office further, enhancing its case management and ensuring better systems for asset recovery.

I acknowledge my hon. Friend's proud track record in highlighting economic crime and his work in exposing dirty money. I met the director of the Serious Fraud Office yesterday in this House. We are working closely together to crack down on corruption, fraud, and bribery, and I assure my hon. Friend that the SFO is working incredibly hard in that area.

My hon. Friend is correct to say that so often these terrible crimes do not respect borders. Fraud that is specific to Scotland is investigated by Police Scotland and prosecuted by the Crown Office and Procurator Fiscal Service, which works closely with English-based agencies and the SFO where it is appropriate to do so. This Government are committed to strengthening the Union, and that extends to law enforcement in this area.

I thank the right hon. and learned Gentleman for his question. Just this week guidance was published by the Home Office in conjunction with other organisational partners and the SFO in relation to preventing fraud, and that will of course entail working with business to ensure that it is operating as effectively as it can for those who are impacted by fraud, both individuals and businesses alike.

I cannot comment on any specific cases, but I know from my discussions with the director of the SFO that it is alive to those cross-jurisdictional issues. That is part of the purpose of the additional investment that the Government have provided to the SFO to ensure that its processes, investigations, and case management are as effective and nimble as they can be, including in tackling those cross-jurisdictional issues.

I welcome the hon. Member to his place. He raises an incredibly important point. This Government in general are committed to raising standards and rebuilding trust in the justice system. That means regulators working effectively with investigators in the public interest. He will know that, in accordance with long-established practice, it would not be proper for me to comment on the specific case that he mentions, but I can assure him that we will be working to ensure that regulators are working effectively with investigators in the public interest.