At least £325billion of dirty money flows through Britain every year, a damning report has claimed.
The stark figure is equivalent to more than 10 per cent of the UK’s GDP and includes illicit money linked to money laundering, corruption, financial crime and illegal trade and tax dodging.
Taking into account the UK’s crown dependencies and overseas territories, such as Jersey and the Cayman Islands, the figure soars to nearly £788billion annually, according to the report by the Finance Innovation Lab charity.
Conservative MP Sir Andrew Mitchell said: ‘The UK is at the centre of a global spider’s web of dirty money.
‘It is frankly
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
