Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

ABAC, AML, Banking, Compliance, Financial Crime, Financial Services, Regulatory, UK

NEWS: Britain ‘utterly failing’ to fight ‘dirty money epidemic,’ MPs claim in report

REPORT: “Prioritising the battle against dirty money is non-negotiable. Economic crime is costing our economy £350bn each year," said Margaret Hodge, Labour Party Member of Parliament and chairwoman of the Public Accounts Committee (PAC).

BRITAIN is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned. An economic crime manifesto published this week says lobbyists should be regulated, sanction loopholes closed and seeks greater transparency. Dame Margaret Hodge said the next British government“will have to work to ensure that the UK is…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!