At least £325bn of ‘dirty money’ flows through UK each year, says report

Call for crackdown as finance linked to corruption, tax evasion and money laundering is estimated at 10% of GDPAt least £325bn worth of dirty money is flowing through the UK every year, according to research that is causing concern about funding for state investigators and the government’s push into crypto assets.The figure is equivalent to more than 10% of UK GDP and includes illicit funds linked to financial crime, money laundering, corruption, illegal trade and tax dodging, according to the report by the Finance Innovation Lab charity. Continue reading...