UK FAILING TO PREVENT GBP37 BILLION IN SERIOUS AND ORGANISED CRIME
October 1st, 2019 Despite a 2018 strategy to tackle serious and organised crime, the British government is failing to act to prevent the loss of at least GBP37 billion (USD40.5 billion) a year to crimes including fraud, international bribery, corruption and money laundering. This is according to a damning report from the UK House of Commons public accounts committee (PAC). It criticised how the UK government only spent 4% or GBP84 million (USD92 million) of its total budget for tackling serious and organised crime, on preventative activities in 2015-16, a fraction of the 79% or ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.