Foreign money laundering inquiries to UK leap 12%

191

June 11 2017

Inquiries from overseas authorities investigating the trail of dirty cash flowing to the UK have risen to a record level. Requests from foreign governments as part of investigations into money laundering leapt 12 per cent to 163 last year, according to official data that underscore concerns that illicit funds are washing through UK banks and its high-end property market.  The number of so-called mutual legal assistance requests to the UK was more than double the figure for 2012, when they stood at just 73, according to Home Office data released through a Freedom of Information request.