The UK, as a major financial centre, and its Overseas Territories and Crown Dependencies, have long been attractive destinations for laundering dirty money. While there is no official figure for how much money is laundered through the UK, the National Crime Agency found that there was a “realistic possibility that the scale of money laundering impacting the UK is in the hundreds of billions of pounds annually”.
We track whether the UK’s laws designed to deter the laundering of corrupt money and confiscate the proceeds of corruption are working. We focus on:
This policy report presents the findings of interdisciplinary academic research that explores the contested role of lawyers in relation to kleptocracy, state capture and grand corruption. Focusing on the role...
Lawyers need to be at the forefront of preventing dirty money entering the UK. But time and again lawyers have been found to be some of the most prominent professionals...
In its latest detailed analysis of the performance of the professional bodies that police lawyers for money laundering, Spotlight on Corruption finds that a step change in effectiveness is needed...
Spotlight on Corruption's submission to Legal Services Board's consultation on the new regulatory objective on economic crime, 7 February 2025.
On Wednesday the High Court heard an appeal between the Solicitors Regulation Authority (SRA) and Dentons UK and Middle East LLP (Dentons) which raises fundamental questions about how lawyers are...
The UK is not effectively supervising the legal and accountancy professions for money laundering risks, according to the latest assessment of the 22 supervisory authorities responsible for overseeing the sectors. AML supervisory reform
Summary The Solicitors Regulation Authority (SRA) – which polices anti-money laundering (AML) compliance in solicitors firms – has recently made welcome strides in taking enforcement action against money laundering breaches....
In a landmark decision handed down today, the Court of Appeal overturned a 2023 High Court decision which had seriously undermined the UK’s framework for investigating and recovering the proceeds...
