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UK's 'Dirty Money' Problem: £800B Annually

UK's 'Dirty Money' Problem: £800B Annually

Published 2 weeks, 3 days ago
Description

Over £325 billion in dirty money flows through the UK annually, linked to financial crimes. This figure jumps to nearly £800 billion when including crown dependencies and overseas territories. The UK is a global hub for these activities, and a new report urges the government to strengthen its stance against economic crime and tax evasion. Calls for increased funding for investigative agencies and greater transparency in shell company ownership are made to combat financial crime and ensure the system benefits society.

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