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NEWS: UK universities grapple with cash payments amidst money laundering concerns

By Alisha Houlihan for AMLi

A recent study has shed light on the ongoing practice of UK universities accepting substantial amounts of cash as payment for tuition fees and accommodation, raising concerns over potential vulnerabilities to criminal organisations and money laundering activities. 

The research, conducted by teams from Cardiff University and the University of the West of England (UWE), further reveals that a “significant minority” of higher education institutions fail to provide adequate guidance to their staff and students regarding money laundering risks.

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