By AML Intelligence Correspondent An expert has said the claim that 40% of the globe’s dirty money flows through the UK has shown the urgent need for beneficial company registers. Andrew Mitchell, the UK’s deputy foreign secretary, said yesterday that almost two-fifths of illicit funds being laundered goes through the City of London and other…
AML, Financial Crime, Financial Services, News, UK
NEWS: 40% of world’s dirty money being laundered through UK puts Crown dependencies in spotlight

DIRTY MONEY: Andrew Mitchell, the UK’s deputy foreign secretary, said yesterday that almost two-fifths of illicit funds being laundered goes through the City of London and other crown dependencies.