Lord Agnew: The Economic Crime Act isn’t enough to tackle Britain’s dirty money problem
HOUSE MAGAZINE / Economic crime is often seen as victimless, even if it does cost the United Kingdom an estimated £350bn every year. But it cannot be siloed off from the countless more sinister crimes it invariably enables.
Dame Margaret Hodge MP: Fold up the red carpet! It’s time to stop letting dirty money breeze in
THE TIMES / Britain is in the grip of a dirty money crisis. Every year our economy loses an estimated £350 billion through fraud and money laundering, roughly twice our annual health budget.
Lord Agnew and Dame Margaret Hodge MP: We’re failing to tackle illicit wealth with the economic crime bill
THE TIMES / Britain’s reputation as a trusted jurisdiction has been dented by our dirty money crisis. The government knows this and has pledged to tackle the malignant problem of illicit wealth. So it is baffling that it is failing to seize the opportunity presented by its own economic crime bill.
Lord Browne of Ladyton: London is the epicentre of our dirty money crisis. But we can change that
LABOURLIST / The dirty money crisis is at a tipping point. Unless parliament passes tough new legislation, we risk permanent damage to our capital’s reputation as a fair, trustworthy and dynamic place to invest and do business.
Lord Alton: Only by tightening sanctions can we make Putin’s cronies pay
THE TELEGRAPH / Britain’s sanctions regime is broken, meaning Putin’s pals in the Kremlin are quite literally getting away with murder. All the while the brave people of Ukraine are laying down their lives defending not just their own country, but also our shared values of freedom and democracy.
Dame Margaret Hodge MP: Plan to tackle dirty money in UK lacks ambition and funding
POLITICS HOME / The government’s new Economic Crime Plan, their blueprint for cracking down on dirty money, has finally been published and it deserves some credit.
Simon Fell MP: Fraud is the most common crime in the UK. Why isn’t the Government taking it more seriously?
CONHOME / Fraud is a serious and growing problem. It is now the most common crime in the UK, accounting for 41 per cent of all offenses committed. It has been described variously as an epidemic and a national security risk. But despite this, only around 1 per cent of all police resources in the UK are focused on it.
Lord Agnew: An end to dirty money in Britain is in sight — but loopholes remain
The Times / In the year following Russia’s full-scale invasion of Ukraine, we have finally started to combat our reputation as a money-laundering hub for oligarchs, criminals and international kleptocrats.
Rachel Blake: Oxford Street’s candy stores are evidence of London’s dirty money crisis
LABOURLIST / First as a local councillor, and now as the Labour parliamentary candidate for Cities of London and Westminster, I have seen the devastating impact of dirty money flowing into London.
Simon Fell MP and Mary Robinson MP: We must use this opportunity to strengthen the Economic Crime Bill
ConHome / The new Economic Crime Bill is currently making its way through the House of Lords. It builds on well-meaning but incomplete legislation from last year. It includes new powers for Companies House, our corporate register, to crack down on dubious fake companies. However, there is broad agreement from industry, civil society, and parliamentarians of all stripes that, unamended, the Bill is a wasted opportunity to really take the bull by the horns.
Dame Margaret Hodge MP and Lord Agnew: We must hit back against oligarchs
The Times / This week the House of Lords has a once-in-a-generation opportunity to take on those oligarchs and kleptocrats who are using “weapons grade” legal action — lawfare — to silence their critics.