$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 - AML Intelligence
AML Intelligence
Business Intelligence on AML and Financial Crime for Executive Leaders

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.

Login here or become a subscriber to AML Intelligence.
Login Subscribe Now