UK ‘Underestimated’ Money Laundering Problem, Says Crime Agency

The amount of criminal proceeds passing through the UK financial system has been “significantly underestimated”, the National Crime Agency (NCA) has warned, after uncovering increasingly sophisticated means of laundering funds.

In a major strategic assessment of serious and organised crime published yesterday, the investigative agency said previous estimates that between £36bn and £90bn are laundered in the UK each year may have been wrongly calculated.

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