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Financial Crime

UK’s Foreign Affairs Committee to explore ‘significant challenges’ of dirty money in UK amidst calls for crackdown on ‘Londongrad’

By Elizabeth Hearst for AMLi

The UK’s Foreign Affairs Committee has launched an inquiry on responding to dirty money, as the country battles with illicit Russian money reportedly flowing through its capital. 

The inquiry will explore the “significant challenges” to the global economy, which they say contribute to “corruption and insecurity”. These challenges include “vast flows of dirty money across borders”.

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