UK Backs Money Laundering Crackdown With $676M and 500 New Officers
Britain will recruit 500 officers to trace and seize criminal money, backed by £500 million over three years, the Home Office said on Tuesday. The money funds a new Anti-Money Laundering and Asset Recovery Strategy and comes from the economic crime levy on regulated firms. Officers will be spread across police forces, the National Crime Agency and the Crown Prosecution Service.