Money launderers are attracted to the UK for several reasons — London’s role as a financial hub, property as an investment and, ironically, the rule of law. After the Conservative victory last month, and with the Brexit stalemate over, we appear to be entering a new period of stability. There are reasons to be hopeful that, after the UK leaves the EU, the country will continue with its commitment to the fight against money laundering. This was exhibited most recently in the Queen’s Speech, which included measures to increase transparency around the ownership of UK property. However, the speech included one element that raised eyebrows in financial crime circles: plans to launch up to…

Source: The Times January 15, 2020 23:58 UTC