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SFO: Tell-tale signs of money laundering

Jaclyn Jaeger | January 9, 2018

Serious and organised crime costs the United Kingdom an estimated £24 billion a year, according to a new government report setting out the threats posed by money laundering. Along with the report, the government relaunched its “Flag it Up” campaign to raise awareness and show how the legal and accountancy sectors can stamp out money laundering.

Headed by the National Crime Agency, “Flag it Up” is a joint campaign between the government and the legal and accountancy sectors that aims to raise awareness of the tell-tale signs of money laundering.

Both new and existing clients can present money laundering risk, said Scott Devine, policy advisor at the Anti-Money Laundering Law Society. Don’t make the mistake of assuming money laundering...

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