‘Bad Guys Getting Away’ With Laundering Dirty Money in UK, Committee of MPs Told

The City of London financial district can be seen as people walk along the south side of the River Thames, London, March 19, 2021. Henry Nicholls/Reuters

A committee of MPs has heard that a “fragmented and uncoordinated” approach by government departments and law enforcement has allowed too many “bad guys” to get away with laundering money in Britain.

The Foreign Affairs Select Committee, which is now chaired by Conservative MP Alicia Kearns, is investigating how effectively Britain is responding to the challenge of “illicit finance flows” across borders and follows a previous report (pdf), in 2018, into corrupt Russian money in the UK, or the so-called “Moscow’s gold.”