The Home Office and HM Treasury (HMT) have published the Anti-Money Laundering and Asset Recovery Strategy, announcing the recruitment of 500 officers to be deployed across police forces, the National Crime Agency and the Crown Prosecution Service. The initiative is backed by £500 million over three years from the economic crime levy. The new investigators will focus on tracing illicit funds linked to serious and organised crime, disrupting domestic and international money laundering networks and recovering criminal assets. The strategy aims to modernise the UK’s response to money laundering through new intelligence capabilities, advanced technology and stronger public-private collaboration, alongside work with international partners to improve asset recovery. Accompanying figures show that, over the past year: (1) almost £350 million in criminal assets was recovered, (2) criminals were denied more than £1 billion, (3) £26 million was returned to victims and (4) 2,700 illicit finance operations were disrupted. The government also states that the money laundering threat has become more complex with the rise of fintech, crypto and artificial intelligence. The Financial Conduct Authority highlights reforms to anti-money laundering supervision as an opportunity to strengthen supervision of professional services, ensure more consistent oversight and help identify and disrupt crime.