News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

‘It’s still too easy to launder money in London,’ warns top law enforcer

While a flexible, pro-business approach has helped build the City’s stature, 'in some areas that’s gone too far'

‘It’s still too easy to launder money in London,’ warns top law enforcer
Photo: Getty Images

London remains a safe haven for “dirty money” as criminals exploit Britain’s eagerness to attract foreign investment, according to one of the UK’s top law enforcers.

Graeme Biggar, the director-general of the National Crime Agency’s National Economic Crime Centre, told Financial News that it’s still “too easy” for criminals to launder money in London despite the government’s efforts, such as imposing sanctions for illicit financial transactions.

WSJ Logo