"The UK will no longer be a haven for dirty money and dictators' laundered assets, David Lammy is to promise as he announces a new anti-corruption strategy also aimed at tackling bribery and other misconduct across government and public services. Setting out the plan in a speech in London on Monday, Lammy, the justice secretary and deputy prime minister, will announce a series of initiatives including extra funding for an elite anti-corruption police unit."
"As part of the plan being launched by Lammy, the domestic corruption unit at the City of London police, which focuses on bribery and other misconduct in UK financial services and public bodies, will be expanded and given 15m in new funding. Other promised measures include more action to tackle professional enablers who help foreign autocrats and others shift and conceal illicit wealth, including more coordination by the National Crime Agency and the possibility of new sanctions."
The UK government is launching a new anti-corruption strategy to prevent the country from being a haven for illicit funds and laundered assets. The plan includes a global summit on countering illicit finance focusing on cryptocurrencies, gold and property. The City of London police domestic corruption unit will be expanded and given 15m in additional funding. Measures target professional enablers, increase National Crime Agency coordination, and explore new sanctions. Margaret Hodge will lead a review of stolen or illegitimate assets to widen ownership registers to include trusts. The Financial Conduct Authority will receive new oversight powers for professional services firms.
Read at www.theguardian.com
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