Legal News

UK financial regulator has 54 money-laundering probes ongoing, minister says

Published on: 17 January 2022
Published by: MLex
  • UK financial regulator has 54 money-laundering probes ongoing, minister says
  • Property ownership register

Article summary

MLex: The Financial Conduct Authority (FCA) currently has 54 cases of suspected money-laundering breaches under investigation, a government minister has told lawmakers, an apparent dramatic jump from figures released two years ago. Minister of State for the Cabinet Office, Theodore Agnew, also said long-delayed legislation to lead to a register of overseas owners of British properties could appear in ‘months’. or take a trial to read the full analysis.

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