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:
The Foreign, Commonwealth & Development Office (FCDO) has a unique opportunity to tackle the acute harms of illicit finance that undermine efforts to promote development and protect the planet, starting...
Russia’s invasion of Ukraine prompted a welcome crackdown on dirty money in the UK, including new sanctions, enforcement powers and stronger corporate transparency. There were hopes Labour would maintain this momentum. But despite positive commitments, there has been little progress in tackling corruption and money laundering.
The High Court is set to rule on a defining challenge to the powers of the Solicitors Regulation Authority (SRA) after London libel firm Carter Ruck and British businessman Mohamed Amersi contested whether the legal regulator can compel the disclosure of legally privileged material during its investigations into professional misconduct.
As Andy Burnham promises to deliver renewal and prosperity for ordinary people, tackling illicit wealth should be high up on the new Prime Minister's agenda. From hollowed-out high streets to inflated property prices, dirty money is distorting local economies, fuelling inequality and harming communities across the country.
There are some stunning statistics in the Fisher Review into fraud prosecution. We are waiting with bated breath to see if the new government meets the challenge set out by Fisher to finally get a grip on one of the UK’s most prevalent crimes.
Last month a London jury acquitted Diezani Alison-Madueke, along with her brother Doye Agame and businesswoman Olatimbo Ayinde, of all bribery charges against them. This is a joint statement on behalf of ANEEJ, CISLAC / Transparency International Nigeria, HEDA Resource Centre, Spotlight on Corruption, and The Corner House (UK).
Our analysis traces the origins of this investigation and the twists and turns of a dramatic jury trial that culminated in the acquittal of a woman who wielded unprecedented power over Nigeria’s notoriously dysfunctional oil industry.
A major new McMafia order case was revealed yesterday, as a Dubai-based UK investment firm called Enspire Investments LLC approached the High Court claiming to be the victim of a complex fraud by the targets of an Unexplained Wealth Order (UWO) who allegedly siphoned off their €45 million investment.
