Corruption

Dodgy Britannia: ‘Too easy’ to launder money in the UK, report says

The regime to stop illegal wealth being laundered through the UK is ‘not fit for purpose,’ according to a report by Transparency International. Huge amounts of money gained through corruption is invested in the UK, but powers to address the issue are very limited, the charity says. Its investigation focused on suspicious activity reports (SARs), the mechanism used by businesses to report suspicious transactions and activities to police.