NEW BLOG | Money laundering in the UK
Our Head of Investigations Tony McClements says that an increase in money laundering cases indicates that the UK is finally getting to grips with money laundering as an indictment.
The FCA bares its teeth, but too slowly
It’s good to see the Financial Conduct Authority flex its muscles at last, but taking five years to bring a case is just too long, argues Tony McClements.
HMRC deserves a pat on the back for handing out record AML fines
The UK’s tax authorities should be congratulated on levying large fines against businesses that have breached strict anti-money laundering regulations.
Martin Kenney: Big AML scandal points back to UK’s Companies House
Martin Kenney is scathing about an alleged $8.3 billion Danske Bank money laundering scandal via Estonia, which partly relied on false data being submitted to the UK’s Companies House. The bank’s punishment so far? A “stern ticking off.”