BRITAIN MUST CLEAN UP ITS AML ACT OR RISK BECOMING ROGUE JURISDICTION OFFSHORE EUROPE – TI REPORT
October 1st, 2019
ANTI-GRAFT group Transparency International (TI) has called on the UK government to comprehensively overhaul British anti-money laundering controls, arguing that the country risks becoming a jurisdiction notorious for weakness in fighting financial crime.
Noting Britain’s likely exit from the European Union (EU), TI warned its government must ensure its businesses meet “the highest possible” anti-crime standards. A failure would “leave the UK isolated; a rogue haven for dirty money floating off the coast of Europe”. See ...
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