City of London ‘cyber court’ to tackle online fraud in financial sector

new state-of-the-art court to tackle cyber crime and fraud in the financial sector is to open in the City of London.

Ministers say the court will enhance Britain’s reputation as a country where banking and finance is underpinned by the rule of law, and help the authorities tackle the growing menace of computer crime.

The City of London Corporation will on Monday announce plans for the court to be based in the Square Mile.

The specially built court, which is still in the planning stage, is expected to be built within walking distance of the Royal Courts of Justice, the Rolls Building and the Old Bailey.

Dominic Raab, the Justice Minister, said: “This new flagship court will build on UK legal services’ unique comparative advantage, by leading the drive to tackle fraud and crack down on cyber-crime.

“By reinforcing the City’s world-leading reputation as the number one place to do business and resolve disputes, it’s a terrific advert for post-Brexit Britain.”

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Source: The Telegraph