UK: National Crime Agency Releases Strategic Assessment of Serious and Organised Crime 2019

On May 14, 2019, the National Crime Agency (NCA) published the national strategic assessment of serious and organised crime, which provides an overview of the serious and organised crime present in the UK in 2019.  

The report outlines that a specific figure for the total value of laundered funds affecting the UK has not been established, but given the volume of financial transactions transiting the country, it may be assumed to be hundreds of billions of pounds annually. Criminals continue to use UK and overseas corporate vehicles to move and conceal illicit funds, circumventing controls, with continued use by offenders of nominee directors, shell companies and trusts to conceal beneficial ownership.

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