TI-UK Submission to HM Treasury National Risk Assessment on Terrorist Financing & Money Laundering
Available estimates and legal case studies of grand corruption indicate that the scale of proceeds of corruption laundered through the UK is vast. The UK has an opportunity to take a proactive leadership role in the detection and recovery of the proceeds of corruption laundered through its jurisdiction.
This submission draws from TI-UK research into the lessons learned from the UK asset recovery efforts related to the Arab Spring (Closing Down the Safe Havens Dec 2013) and our report Combating Money Laundering and Recovering Looted Gains: Raising the UK’s Game (June 2009).
TI-UK has conducted a range of work to understand and improvethe detection and recovery of the proceeds of corruption here in the UK. Most recently, TI-UK issued an Anti-Money Laundering (AML) warning in response to Ukraine on 21 February 2014. It is available to download here.
- Report published: Jun 2014