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…
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).