A committee of MPs has heard that a “fragmented and uncoordinated” approach by government departments and law enforcement has allowed too many “bad guys” to get away with laundering money in Britain.
The Foreign Affairs Select Committee, which is now chaired by Conservative MP Alicia Kearns, is investigating how effectively Britain is responding to the challenge of “illicit finance flows” across borders and follows a previous report (pdf), in 2018, into corrupt Russian money in the UK, or the so-called “Moscow’s gold.”
On Tuesday, Labour MP Liam Byrne, a former government minister under former Prime Minister Gordon Brown, suggested there was a “silo mentality” in Britain, with different parts of the government not talking to each other when it comes to tackling dirty money, and he asked, “Are bad guys getting away with things because we haven’t got our act together?”…