Transparency International, an international organisation focusing on combatting corruption around the world, has published a research report recommending radical overhaul of the UK’s anti-money laundering system. The report makes 20 specific recommendations to strengthen the UK’s ability to stem the flow of corrupt money. Principal among them is that the UK should review its supervisory arrangements and evaluate options for consolidating the number of anti-money laundering supervisors.
View Don’t look, won’t find: Weaknesses in the supervision of the UK’s anti-money laundering rules, 27 November 2015