Dirty Money's PR Problem: A Tale of Two London Finances The UK government is seeking feel good stories from bankers and lawyers about blocking dirty money, an effort that appears more focused on spin doctoring than genuine reform.
The Financial Action Task Force (FATF) will reevaluate Britain's anti money laundering controls next year, prompting ministers to showcase progress in the fight against financial crime.
London has struggled with its reputation as a hub for illicit funds for years. The 2018 FATF assessment was particularly damaging, fueling allegations of complicity and complacency among City firms.