Financial Crime Financial Crime

Huge drop in record UK money laundering penalty isn't a sign of going soft, tax office says

By Martin Coyle
  • 10 Jun 2022 16:46
  • 10 Jun 2022 16:46
A more than 90 percent drop in the largest money laundering fine imposed by the UK’s tax department doesn’t mean it’s going easy on financial crime, it told MLex today.

HM Revenue & Customs fined MT Global, a UK-based money transfer business, a record 23.8 million pounds in January last year

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