What Is The National Crime Agency Doing To Tackle Money Laundering - London Registrars Ltd
We have previously written here on the London Registrars blog about the very genuine threat that continues to be posed by money laundering to the UK’s national security, prosperity and reputation around the world. In that piece, we touched on how money laundering arises, why the UK’s openness to entrepreneurs and business owners comparative to many other jurisdictions can make it a particular target for money laundering, and the steps our team here at the London Registrars take to guard against illegal activity. All of this, however, raises another important question: what is the UK’s lead agency against organised crime, cybercrime and economic crime – the National Crime Agency (NCA) – doing to address the country’s money-laundering risk? Creating a “hostile environment” for would-be money launderers The NCA has said that it aims to make the UK a “hostile environment” for money laundering through the implementation of the following measures: the targeting of individu...