United Kingdom: Current and Future Strategies for Tackling Money Laundering

Abstract

What is money laundering? Why should Finance Ministries and international financial institutions, such as the IMF and the development banks take it seriously? Why does it matter to the City and the financial regulators? How do we improve feedback, and level the playing field domestically and internationally? Why is tax evasion such a critical question for money laundering sytems — even if no one cares about people not paying their taxes?