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

Analysis & Opinion, EU/Europe, Financial Services

$4.5BN in unreported income discovered within UK financial system; FinCEN and public data show clusters of businesses set up to potentially hide financial crime

An in-depth probe into British government data and documents related to the FinCEN files has revealed a string of false British accounts worth more than $4.5BN

Investigations by a team at the International Consortium of Investigative Journalists, analysing vast amounts of information from both sources, concluded that an entire “cottage industry” had been set up to launder money through the country.

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!