The UK financial system is at high risk of being used to launder billions of pounds of corrupt cash through “known professional enablers” in the legal and property professions, according to a new report. The national risk assessment of money laundering and terrorist financing warned that the country’s banking, accountancy and legal services sectors were […]

A widely-held suspicion that UK banks are covering up the true scale of cybercrime has been confirmed by the City of London Police chief Adrian Leppard, who says that up to 80% of online crime goes unreported to the authorities. Speaking at a Tech UK conference, Leppard says that the vast gap between what is […]

Treasury has revised its policy on certain transactions as a result of recent EU case-law. Any funds arriving in the UK, or in a UK bank anywhere in the world, which have come from, or via, any person who is the subject of sanctions, must be frozen in a suspense account, or other separate account, on […]