Financial Crime Financial Crime

Money-laundering levy will be used to boost UK reporting, government says

By Martin Coyle
  • 22 Jul 2020 09:53
  • 22 Jul 2020 09:53
A levy on banks will be used to improve UK systems to flag up suspected money laundering and fund an uplift in the number of investigators tasked with rooting out dirty money, the country's government has said.
Following its announcement in March, the UK's finance ministry has set out its

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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