Search results

1 items
  1. Money Laundering in London

    London is now the global money-laundering centre for the drug trade, says crime expert

    03 July 2015
    Other news

    The City of London is the money-laundering centre of the world's drug trade. UK banks and financial services have ignored so-called "know your customer" rules designed to curb criminals’ abilities to launder the proceeds of crime. A National Crime Agency (NCA) threat assessment stated: "We assess that hundreds of billions of US dollars of criminal money almost certainly continue to be laundered through UK banks, including their subsidiaries, each year."